Page 97 - Test 1 Slides - 4. Gross Income

GROSS INCOME

Exempt Income

(u) Alimony and maintenance payments

s10A Purchased annuities

• Capital portion is exempt and will be provided to you

Absolute Exemptions s10(1)

(a) receipts and accruals of government and municipalities

(cE) Political parties & (cN) PBO’s

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