The income tax implications resulting from the introduction of section 12N of the Income Tax Act

Title: The income tax implications resulting from the introduction of section 12N of the Income Tax Act
Creator: Grebe, Alta-Mari
Subject: Income tax -- Law and legislation -- South Africa
Subject: Land tenure -- South Africa
Subject: Capital gains tax -- South Africa
Date Issued: 2014
Date: 2014
Type: Thesis
Type: Masters
Type: MCom
Identifier: vital:8966
Identifier: http://hdl.handle.net/10948/d1020787
Description: Section 12N, introduction into the Income Tax Act by way of Taxation Laws Amendment Act and which became effective on 2 November 2010, provides for allowances on the leasehold improvements on government-owned land and land leased from certain tax exempt entities as stipulated in section 10 (1) (cA) and (t). As section 12N deems the lessee to be the owner of the leasehold improvement, the lessee now qualifies for capital allowances which were previously disallowed.
Format: v, 54 leaves
Format: pdf
Publisher: Nelson Mandela Metropolitan University
Publisher: Faculty of Business and Economic Sciences
Language: English
Rights: Nelson Mandela Metropolitan University

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