Page 23 - Gross Income class slides

GR
GROSS INCOMEOSS INCOME

Accrued to

Example 1

• Mr B is retrenched on 1 February 2014 and received 4

months’ pay of R80 000 in lieu of notice. When will the

amount be included in income?

Solution:

• Mr B will include the amount of R80 000 in his gross income

on 1 February 2014 as this is the day that he becomes

unconditionally entitled to it. (Lategan case and Mooi case)

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