Please enable JavaScript.
Coggle requires JavaScript to display documents.
General deductions Positive test, Golden Dumps, Port Elizabeth Electric…
-
-
-
-
Nasionale Pers Bpk
if a condition, expense only incurred once the condition has been met
if no definite and absolute liability during the year of assessment expenditure has not been actually incurred
-
-
Labat
-shares issued for acquiring an asset, section 40 CA determines the deemed expenditure incurred amount
-shares issued for services rendered = No expenditure incurred
-
-
BP Southern Africa
royalty payments are of a revenue nature and deductible if the intellectual property is used in the production of income
-
Nemojim
dual purpose, if the dividend stripping scheme is evident the portion of the cost will be disallowed as a deduction it relates to the earning of exempt dividend income ,the remaining parts will be deductible in terms of section 11(a) relating to the proceeds on sale that is included in gross income
New State Areas Ltd
Cost of establishing , improving , adding income earning plant is capital in nature and therefore not deductible
-Cost of performing income-earning operations which is revenue in nature and therefore deductible
BP South Africa
the expense is not rental expense but of capital nature due to the fact that an enduring benefit was created. The legal categorisation of a payment does not determine whether it is capital or revenue
Rand mines
expenditure incurred to obtain an income earning right or structure will be capital in nature, cost incurred to work the capital structure is revenue in nature