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WorksheetsSpecial Deductions
Total questions: 10
Worksheet time: 22mins
A (Pty) Ltd have used the services of a lawyer to review a contract with a new trading stock supplier. The lawyer charged R20 000, this amount is:
Deductible under 11(c)
Deductible under 11(a)
Not deductible
Deductible under 11(i) or 11(j)
Deductible under 11(a) or 11(c)
In the course of or by reason of ordinary operations is an easier requirement to meet than in the production of income.
True
False
Ms. A earns a gross, basic salary of R30 000 per month. Her employer has gone bankrupt during the year of assessment and will not be able to pay her for the last 3 months that she has worked there. Ms A. can claim R90 000 as a deduction under 11(i):
True
False
Ms. A qualified for a bonus of R20 000 in terms of her employer's bonus scheme. This amount has not yet been paid. Ms A. can claim a deduction of R20 000 under section 11(i):
True
False
A (Pty) Ltd pays a restraint of trade of R100 000 which applies for 3.5 years to Mr. Y. who is not , has never been and will not be an employee. Their 11(cA) deduction is:
R28 571 per year over the next 3.5 years.
No amount is deductible
R25 000 per year over 4 years
Not enough information to answer, require the year of assessment for apportionment purposes.
A (Pty) Ltd owns a vacant property to which they make repairs in preparation for renting it out. The repairs are:
Deductible under 11(a)
Deductible under 11(d)
Not deductible
Deductible under 11(d) but subject to 11A
Deductible under 11A
G, an employee of XYZ, receives a retention bonus of R50 000 in year 1. Employees’ tax of R22 500 (assuming a tax rate of 45%) was deducted by XYZ and paid over to SARS. The amount paid into G’s bank account for the retention bonus was R27 500 after tax. In year 2, G does not meet the contractual obligations relating to the retention bonus paid and repays the R27 500 received in year 1. Source: SARS IN88
G will be entitled to claim the R27 500 as a deduction on assessment in year 2 under the provisions of section 11(nA).
G will be entitled to claim the R22 500 as a deduction on assessment in year 2 under the provisions of section 11(nA).
G will be entitled to claim the R50 000 as a deduction on assessment in year 2 under the provisions of section 11(nA).
G will not be entitled to claim any amount as a deduction on assessment in year 2 under the provisions of section 11(nA).
A (Pty) Ltd pays a restraint of trade of R100 000 on 31 October 2020 which applies for 3.5 years to Mr. Y. who is an employee. Their year end is 31 December. Their 11(cA) deduction is:
R28 571 per year over the next 3.5 years.
No amount is deductible
R25 000 per year over 4 years
Not enough information to answer, require the year of assessment for apportionment purposes.
Ms. A is a chartered accountant who donates her time and services to a local animal rescue, a registered section 18A PBO. Ms. A would be able to claim:
The market value of her services as an 18A deduction.
The cost of her services as an 18A deduction.
No deduction.
Employer A's year of assessment ends on 30 June.
On 1 October 2016 Employer A entered into a 36-month registered learnership agreement with a learner (not a person with a disability) who holds an NQF-level 10 qualification. Calculate the total 12H allowance for Employer A for the 2020 year of assessment.
R25 000
R40 000
R65 000
None of the above
