Page 8 - Taxation F6 - Income From Employment
P. 8
Income from Employment
Deductions
• 18A deduction page 185
• A deduction of all qualifying donations made by taxpayer is allowed
limited to:
• 10% of the taxable income excluding retirement fund lump
sum/withdrawal benefits.
• Before allowing any deductions relating to S18a(donations).
• This is the last deductions on the calculation of the taxable income.
• What about the taxpayer with an assessed loss? Answer -The deduction
will not be allowed since the taxpayer has no income.
• A donation is only deemed to be made after the legal formalities for a
valid donation have been completed.
• Example page 186.
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