Page 23 - F6 Slide - Taxation - Lecture Day 2

Deductions

• Pre-paid expenditure

• Expenditure incurred to procure services all of

which will not be supplied in the YOA will not be

allowed as a deduction in full , only the portion that

relates to the year of assessment will be deducted.

• Expenditure allowed under section 11a,11c(legal

expenses)11d(repairs)11A (pre-trade expenditure)

and

• The expenditure in respect of goods and services

that will not be supplied or rendered during the

YOA or the benefits that relate to benefits beyond

the YOA.

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