Salaried Employees - Specific Transactions Series
Duration: 0 hour
Price: R176.40
Salaried Employees - Specific Transactions Series
Salaried Employees - Specific Transactions Series
What's Included:
Local passive income earned by residents
OUTCOMES OF THIS KNOWLEDGE UNIT After studying this knowledge unit, you should be able to: ✓ Understand what the term “passive income” means ✓ Understand the various local passive income streams and the tax imp lication of each type of income stream ✓ Understand the various foreign passive income streams and the tax implication of each type of income stream ✓ Understand the nature of rental income and, even though it could be classified as passive income, understand why it could also be included as “trade income” ✓ Understand the tax consequences of letting of fixed property by persons married in community of property ✓ Understand the when rental losses may be ring-fenced ✓ Understand when trust income should be included in an individual’s tax calculation ✓ Understand how passive income is declared on the ITR12 tax return
0.5 Hour | R49.00
Local and foreign passive income earned by residents
OUTCOMES OF THIS KNOWLEDGE UNIT After studying this knowledge unit, you should be able to: ✓ Understand what the term “passive income” means ✓ Understand the various local passive income streams and the tax imp lication of each type of income stream ✓ Understand the various foreign passive income streams and the tax implication of each type of income stream ✓ Understand the nature of rental income and, even though it could be classified as passive income, understand why it could also be included as “trade income” ✓ Understand the tax consequences of letting of fixed property by persons married in community of property ✓ Understand the when rental losses may be ring-fenced ✓ Understand when trust income should be included in an individual’s tax calculation ✓ Understand how passive income is declared on the ITR12 tax return
0.5 Hour | R49.00
Section 6quat updated
OUTCOMES OF THIS KNOWLEDGE UNIT After studying this knowledge unit, you should be able to: ✓ Understand what the term “passive income” means ✓ Understand the various local passive income streams and the tax imp lication of each type of income stream ✓ Understand the various foreign passive income streams and the tax implication of each type of income stream ✓ Understand the nature of rental income and, even though it could be classified as passive income, understand why it could also be included as “trade income” ✓ Understand the tax consequences of letting of fixed property by persons married in community of property ✓ Understand the when rental losses may be ring-fenced ✓ Understand when trust income should be included in an individual’s tax calculation ✓ Understand how passive income is declared on the ITR12 tax return
0.5 Hour | R49.00
Attribution of income from minors to parents s7(3)
OUTCOMES OF THIS KNOWLEDGE UNIT After studying this knowledge unit, you should be able to: ✓ Understand what the term “passive income” means ✓ Understand the various local passive income streams and the tax imp lication of each type of income stream ✓ Understand the various foreign passive income streams and the tax implication of each type of income stream ✓ Understand the nature of rental income and, even though it could be classified as passive income, understand why it could also be included as “trade income” ✓ Understand the tax consequences of letting of fixed property by persons married in community of property ✓ Understand the when rental losses may be ring-fenced ✓ Understand when trust income should be included in an individual’s tax calculation ✓ Understand how passive income is declared on the ITR12 tax return
