Page 79 - P6 Slide Taxation - Lecture Day 3 - VAT Part 1

Income from Employment

Fringe Benefit

• Right of use of a motor vehicle

• If 12 months have lapsed since the vehicle was

purchased to the time that the vehicle is granted use

to the employee a depreciation of 15% reduces the

costs of the vehicle on the reducing balance

method.

• If the taxpayer has a right of use of a vehicle and he

transfers to another company within the group of

companies the determined value is not changed.

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