BTW2121

South African taxation of individuals ( 6 points, SCA Band 3, 0.125 EFTSL)

Leader: Mr Adrian Pilley

Offered:
South Africa First semester 2006 (Day)

Synopsis: An introduction to the principles of the taxation of individuals, including an examination of: the basic calculation of income tax; the calculation of gross income; exempt income; allowable deductions; the calculation of net normal tax payable; salaried persons - receipts; fringe benefits; salaried persons - specific deductions; Standard Income Tax on Employees (SITE); retirement benefits and investment income and royalties; capital gains tax. The basic principles relating to the taxation of farmers is also examined.

Assessment: Assignment (up to 3000 words): 30% + Examination: 70%

Contact Hours: 2-hour lecture and one 1-hour tutorial per week

Prerequisites: BTW1201