Residents of the Republic are taxed only on recelpts and accruals derived from sources within the Republic.

$($b$)$ Non$-$residents are taxed on receipts and accruals from anywhere in the world.

$($c$)$ It is not really important to determine whether or not a person is a resident as the tax rules applicable to non$-$residents and residents are the same.

$($d$)$ Residents of the Republic are taxed on receipts and accruals from anywhere in the world.

$1\mathrm{.}9$ Identify the court case that established the principle of how the value is determined.

$($a$)$ CIR vs Butcher Bros $($Pty$)$ Ltd $13$ SATC $21$

$($b$)$ Levene vs IRC$1928$ AC$.$

$($c$)$ CIR vs Kuttel $1992$ AR

$($d$)$ Cohen vs CIR$13$ SATC $362$

$1\mathrm{.}10$ Identify the correct statement regarding the following component of the definition of gross income: Recewed by or accrued to or in favour of$.$

$($a$)$ 'Received' means that the taxpayer has become unconditionally entitled to the amount.

$($b$)$ 'Accrued' means that a taxpayer receives the amount for his own benefit and for himself.

$($c$)$ Income received by another person on behalf of a taxpayer will not be included in the taxpayer's gross income.

$($d$)$ An amount is included in the gross income either on the date of receipt or accrual, whichever event occurred first.

$1\mathrm{.}11$ Identify the objective factors that are considered by the court to determine if an income is of a capital or revenue nature.

$($a$)$ Intention of the taxpayer

$($b$)$ Change of intention

$($c$)$ Mixed intentions

$($d$)$ The manner of acquisition

$1\mathrm{.}12$ Identify the correct statement regarding the following component of the definition of gross income: Receipts or accruals of a capital nature.

$($a$)$ If a receipt is capital in nature, it is not subject to capital gains tax.

$($b$)$ The nature of the receipt is determined by subjective considerations, in other words, the intention of the taxpayer is taken into account.

$($c$)$ The nature of the receipt is determined by objective considerations, in other words, the taxpayer's state of mind is taken into consideration.

$($d$)$ It is possible to have an amount that is neither capital nor revenue in nature.

OINTEC COLLEGE

$($Taxation$)$; $($FE$\_$DL$\_$TAX$\_$NQF$)$

$($A$.$FE$\_$DL$\_$TAX$\_$NQF$-$B$)$

$1\mathrm{.}13$ Robert is a $40-$year$-$old resident of South Africa. His normal tax for the year of assessment ending on $28$ February $2017,$ in respect of taxable income of R$250000,$ is $q,$

$($a$)$ R$49960$

$($b$)$ R$36460$

$($c$)$ R$45176$

$($d$)$ R$31676$

$1\mathrm{.}14$ Sydney is a $66-$year$-$old resident of South Africa. His normal tax for the year of assessment ending on $28$ February $2017,$ in respect of taxable income of R$250000,$ is $q,$

$($a$)$ R$49960$

$($b$)$ R$29053$

$($c$)$ R$45176$

$($d$)$ R$24269$

$1\mathrm{.}15$ Marie is a $42-$year$-$old resident of South Africa. Her net normal tax for the year of assessment ending on $28$ February $2017,$ in respect of taxable income of R$250000,$ is $q,$

$($a$)$ R$49960$

$($b$)$ R$36460$

$($c$)$ R$45176$

$1\mathrm{.}16$ Mary is a $67-$year$-$old resident of South Africa. Her net normal tax for the year of assessment ending on $28$ February $2017,$ in respect of taxable income of R$250000,$ is

$($a$)$ R$49960$

$($b$)$ R$36460$

$($c$)$ R$29053$

$($d$)$ R$24269$

$(2)[20]$