Price:
R293.94 (VAT Incl.)
Level:
Tax professionals
Sub-level:
Income tax
Lecturer:
Corlia Faurie
Duration:
60 Minutes
Additionals:
R293.94 (VAT Incl.)
Level:
Tax professionals
Sub-level:
Income tax
Lecturer:
Corlia Faurie
Duration:
60 Minutes
Additionals:
CPD Assessment
Certificate
Certificate
Lesson Outline
This lesson covers the following:
• The accounting treatment of capital assets:
o Recognition as an asset
o Depreciation
o Profit or loss upon disposal
• The tax treatment of capital assets:
o The valuation thereof for tax purposes
o The claiming of allowances
o Recoupments, gains or losses upon disposal
• The deferred tax implications of certain capital assets, including leases
• The importance of a wear and tear schedule used for internal calculations, and how to structure such a schedule
• This course will not be a technical IFRS course, nor will it be an in-depth course of all the tax technical matters related to capital assets – the basic working principles will be incorporated.
• The accounting treatment of capital assets:
o Recognition as an asset
o Depreciation
o Profit or loss upon disposal
• The tax treatment of capital assets:
o The valuation thereof for tax purposes
o The claiming of allowances
o Recoupments, gains or losses upon disposal
• The deferred tax implications of certain capital assets, including leases
• The importance of a wear and tear schedule used for internal calculations, and how to structure such a schedule
• This course will not be a technical IFRS course, nor will it be an in-depth course of all the tax technical matters related to capital assets – the basic working principles will be incorporated.