Page 25 - Capital Allowances Recoupments Part 1 (CTA)
P. 25
CLASS EXAMPLE:
Example 2, Interpretation Note 9 (5th edition) - adjusted
RSA private Co A, which provides IT services, has 2
holders of shares (individuals) and 4 employees, who were involved
full-time in the provision of IT services throughout the year.
Co A‟s gross income was R5.6M for the year of assessment .
Holder of shares no. 1 has some shares in a share block co.
Holder of shares no. 2 has a number of shares in co Z, which is listed
on the JSE. Co Z‟s shares were delisted during the financial year.
The employees hold no shares in Co A and is not connected in relation
to the two holders of shares.
REQUIRED:
Is Co A a SBC?
