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Special deductions - Coggle Diagram

- - - - Restraint of trade agreement is Capital in nature
- - - - Went bad during the year of assessment
      - In respect of amounts included in the taxpayer's income
      - Debt due to the taxpayer
- - - - 40% allowance on:
        
        Impairment = lifetime expected credit losses
        
        *Bad debts per F/S but not allowed for s11(i)*
        
        Lifetime expected credit losses
      - 25% allowance on:
        
        Impairment per IFRS 9, Other than: Impairment measured on lifetime expected credit losses*
        
        12-month expected credit losses
    - - 40% allowance on:
        
        Debt due>= 120 days
      - 25% allowance on:
        
        Debt due>= 60 days
      - If debt due is less than 60 days then there's no allowance
- - - - Institutions/body that conducts research/services to the state/promote certain activities
      - Government/provincial administration/ local authority involved in public benefit activities
      - Public Benefit Organisations