Page 4 - 5.3 i. Taxation ITC Summarised Notes part 4

ITC EXAM PREP

Individuals -overview

• Most of what you have learned so far is equally applicable to individuals.
• When dealing with an individual taxpayer, the tax framework remains in essence the

same. You commence with determining 'gross income‘, then ‘income’ and eventually
‘taxable income’.
• There are however a few sections which are specifically applicable to individual

taxpayers which you need to study
• When studying individuals, make use of the extensive frameworks in Silke

• Remember to take special notice of the following information provided in a question:
• age(whether <65 or ≥65 or ≥ 75 years of age)
• marital status (whether married in / out of community of property)

• physically disabled –whether the person or his/her dependants are physically
disabled (if members of a medical aid fund)

• SA resident or not?

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