Question 1 (10 Marks)Lucky B inherited money in 2011. He bought two residential duplex units, of R450000 each, with his inheritance. He has since received rental income of R10 000 permonth, which he has declared to SARS. He is emigrating ...
Linuqa Students help Latest Questions
What we do with foreign dividend if the equity shares and voting rights are less than 10%?
1. Cash stolen by a pickpocket 2. From the result of a bet on the outcome of a rugby match. 3. As a restraint of trade payment received by a natural person in respect of employment 4. As compensation for ...
On 1 April 2002 John and his wife (married out of community of property) moved from Bloemfontein to Johannesburg when Johan was offered a position at the Checkers office in the Johannesburg CBD. They have 2 boys, aged 14 ...
QUESTION 3 (18 MARKS) Mary (born in 1960) provides you with the following information for the 2018 year of assessment: Income from employer Note R Salary 385 000 Entertainment allowance 1. 55 000 Commission income 400 000 Annual performance bonus 120 000 Uniform Allowance 2. 3 000 Investment Income SA interest received (Local Bank) 42 000 SA Dividends 6 500 Foreign ...
QUESTION 4 (15 MARKS) An employee who is not yet 65 years of age and who is a resident of the Republic, received the following income for the 2018 year of assessment. Pensionable Salary R230 000 Overtime R17 000 Bonus ...