Capital assets are a crucial and integral part of any business, whether it be on a large manufacturing scale, or a small administrative platform. For this reason, there are several tax deductions available for taxpayers to recognise the fact that assets generate income, and should thus be granted a corresponding deduction for the expense incurred for it.
For this reason, ProBeta Training offers a session aimed at exploring these possible deductions for taxpayers across the board.
This session is set up to address the application of the relevant taxation laws, including but not limited to:
• Capital allowances available from Section 11 of the Income Tax Act
• Capital allowances available from Section 12 of the Income Tax Act, which includes:
o Allowances for Small Business Corporations
o Energy efficiency considerations
o Accelerated allowances for certain assets
• Capital allowances available from Section 13 of the Income Tax Act, which includes:
o Commercial buildings
o Residential buildings
• Other relevant matters that impact on these allowances, including limitations on allowances for certain assets and assets not owned by the taxpayer
Financial managers, Tax Practitioners, Auditors, Bookkeepers, Financial accountants, First year SAICA Trainees, Second year SAICA trainees, and Third year SAICA trainees
