Tax professionals are often confronted with large volumes of detailed tax legislation and technical theory, making it challenging to understand how individual provisions fit into the broader process of preparing an accurate tax computation.

This practical course simplifies the principles of capital allowances and recoupments, helping participants understand how these important tax concepts are applied in practice. Rather than focusing solely on theory, the course demonstrates how to identify qualifying assets and expenditure, determine the appropriate capital allowances, and account for potential recoupments when assets are sold, disposed of or otherwise recovered.

Designed to establish a strong foundation, the course connects technical tax principles to the practical preparation of tax calculations. Participants will develop a clearer understanding of how capital allowances and recoupments affect taxable income, enabling them to approach tax computations with greater accuracy and confidence.

Ideal for tax practitioners, accountants, bookkeepers and finance professionals, this course provides practical knowledge that can be applied immediately while creating a solid base from which more advanced taxation concepts can be developed.

Topics Discussed:

• Repairs – section 11 (d)
• Wear and tear allowance – section 11 (e)
  • Interpretation note No 47 & Binding general ruling No 7
  • Structures and works of a permanent nature
• Special depreciation allowance
  • Three year write-off
  • Four year write-off
  • Five year write-off
• Small Business Corporations
• Building allowances
  • Building annual allowance – industrial / factory buildings
  • Commercial buildings
  • Urban development zone (UDZ) allowance
  • Deduction in respect of certain residential units
  • Deduction in respect of sale of low-cost residential units on loan account
• Disposal of allowance assets
  • Allowances in respect of disposal of assets – section 11 (o)
  • General recoupment provision – section 8 (4)(a)
  • Deferral of recoupment of building allowances – section 13 (3)

All Included:

• Video presentation
• Downloadable course material
• Certificate of training
• Assessment (optional)
• SAIT Accredited (2 Verifiable CPD hours)