ACC4006W - Taxation (Honours)

Course Content

The topics covered during the programme are listed below:

• Introduction

• Gross Income - Receipt & Accrual
                       - Cash or Otherwise

• Gross Income - Income or Capital

• Gross Income - Source & Deemed Source

• Special Inclusions in Gross Income

• Exempt Income

• General Deduction Formula

• Special Deductions

• Capital Allowances & Recoupments

• Building Allowances

• Lease Premiums & Improvements

• Assessed Losses

• Partnerships

• Value-Added Tax

• Objection & Appeal s.103

• Service Benefits

• Lump Sum Benefits

• Fringe Benefits

• Individuals: Income of minor children

• Employees tax (SITE & PAYE) & Provisional Tax

• Special Deductions

• Dividends

• STC

• Foreign Exchange

• Trading Stock, Suspensive Sale (excluding Dealers & Townships)

• Leave pay 

• Future expenditure on contracts

• Donations Tax

• Estates & Trusts

• International Tax

• Capital Gains Tax

Technical Report (April - September 2008)

Students will be required to submit a technical report of some 70 - 100 pages on a topic to be selected by the student and approved by the course supervisor.

Students will be required to formulate detailed proposals and are advised to start their research during the vacation period in September at the latest. The technical reports are to be submitted approximately five months after the last examination.

Refereed articles: as an alternative to a technical report, candidates will have the option of submitting two articles on relevant topics that have been accepted for publication in reputable refereed journals acceptable to the Department.