Question 1 Not yet answered Marked out of 1.00 P Flag question Determining whether an amount is of a capital or a revenue nature forms part of the subjective test. Select one: True False Time left 0:59:50 Question 2 Not yet answered Marked out of 1.00 P Flag question For taxpaying individuals that are married in community of property their passive income (any income other than trade income) is deemed to have accrued to only one partner. Select one: True False Question 3 Not yet answered Marked out of 1.00 P Flag question A person is classified as a resident of the Republic if they were physically present in the Republic for at least 91 days each year for the past five years preceding the current year of assessment, regardless of the number of days they were physically present in the Republic in the current year of assessment. Select one: True False Time left 0:59:39 Question 4 Not yet answered Marked out of 1.00 P Flag question The taxable portion of interest received by a 75-year-old resident of the Republic from a South African source that is not tax free investment is R34 500. Select one: O True False Time left 0:59:35 Question 5 Not yet answered Marked out of 1.00 P Flag question A natural person who is 75 years or older does not qualify for a secondary rebate Select one: O True False Question 6 Not yet answered Marked out of 1.00 Flag question A resident of the Republic may pay tax to South African Receiver of Revenue (SARS) on income received from outside South Africa. Select one: True False Time left 0:59:25 Question 7 Not yet answered Marked out of 1.00 P Flag question Payments, in the form of dividends, interest and royalties, made to non-residents investors or sportspersons by South African persons are subject to withholding tax. Select one: True False Time left 0:59:19 Question 8 Not yet answered Marked out of 1.00 P Flag question The most important definition in the income tax act is the definition of the general deduction formula. Select one: O True False Previous page Next page Time left 0:59:14 Question 9 Not yet answered Marked out of 1.00 P Flag question The exemption which is allowed for a disability pension is exempt in full and has no limitations Select one: O True False Previous page Next page Time left 0:59:10 Question 10 Not yet answered Marked out of 1.00 P Flag question Interest received by a person who is not a resident of the Republic is exempt from tax if the person receiving it has been staying the Republic for less than 183 days in the last 12 months prior the receipt of interest. Select one: True False Previous page Finish attempt