Page 5 - Test 2 Cycle Slides - General Deductions Class SlidesCapital Allowances Recoupments

DEDUCTIONS

STUDY APPROACH

Step 1:

• Read the relevant section in the Act. (You will probably still be able to
grasp the essence of a section without looking at this Act, but we urge you

to become familiar with it. This will be to your benefit in tests, the final
examination, which are all limited open-book examinations.)

Step 2:

• Review (study) the relevant paragraph(s) in SILKE together with any

discussion of the relevant section included in this discussion. Read the
additional information first before working through the relevant
paragraph(s) in SILKE. While studying this unit, also refer to the relevant

court cases on the general deduction formula. As the allocated time is
limited, you will require additional reading time for the case law. You only

have to study the relevant case law. Therefore, you may ignore the court
cases (which will be highlighted in grey in the textbook) mentioned in SILKE
which are not dealt with in our discussions.

• Note that marks will be awarded in the exam for stating the correct
principles of important cases.

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