When an asset is purchased or disposed off during the year of assessment, the capital allowance claimed must always be apportioned to reflect the period during which the asset was in use.

Contributions to a retirement fund by an employer for the benefit of its employees is deducted under section 11(l).

If a taxpayer provides solely an exempt service to its customers ( an educational institution, for example) it will not enjoy any input tax deduction.

Fringe benefits are included in gross income together with other forms of remuneration by paragraph (c) of the gross income definition.

A restraint of trade payment is included in gross income irrespective of the duration of the period of the restraint.

Fringe benefits are payments made by

employers to employees, usually in a form other than cash, there are included in the gross income of the employee, however benefits granted to the employee's relatives are not taxed.

Gia Samson is a South African resident for tax purposes. During the 2024 year of assessment, she sold her holiday home that is situated in Italy at a capital gain. The capital gain is not subject to capital gains tax as it is not located in South Africa.