Private maintenance expenses
| Section 23(a) | Private maintenance expenses – maintenance of taxpayer or his family or establishment |
| Section 23(b) | Domestic and private expenses – Rent or cost of repairs or expenses in connection with premises not occupied for the purpose of trade and the duties are mainly performed there. |
| Section 23( c) | Recoverable expenses – Any expense / loss allowed to the extent that is recoverable under an insurance will not be allowed |
| Section 23 (d) | Interest, penalties and taxes – No interest, penalties or taxes payable under the following acts are allowable: ITA, VAT, RSC, KZNJS |
| Section 23(e) | Provisions and reserves – Provisions for contingent liabilities – disallowed (if income not tax then expenses not allowed) |
| Section 23(f) | Expenses incurred to produce exempt income. Exempt income is not taxed – deductions not allowed (dividend income) |
| Section 23(g) | Non trade expenses – money must be laid out in the expense of trade – Explanatory Memorandum on the Income Tax Bill, 1992 |
| Section 23(h) | Notional expenses – Cannot claim hypothetical interest i.e. interest that he might incur. |
| Section 23(j) | Bursary cost – If an employees salary is in anyway reduced or forfeited by means of a bursary – no deduction for employer |
| Section 23(k) | Expenses incurred by labour brokers, personal service companies etc. Limits the deductions allowable for expenses incurred by a labour broker who does not possess an employees tax exemption certificate to the amount of the remuneration paid or payable to the employee for services rendered. |
| Section 23(l) | Restraint of trade – prohibits expenses incurred in restraint of trade except those in section 11(cA) |
| Section 23(m) | Expenses relating to employment income – salary earner can only claim:
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| Section 23(n) | Government grants – no deduction of expenses allowed if such amount was given by government and was tax free |
| Section 23B | Prohibition of double deduction – A deduction cannot be claimed under more than one section i.e. Depreciation can not be claimed under Section 11(e) and Section 12C |
| Section 23C | Cost of assets + VAT- IN certain circumstances VAT should be excluded from the cost of an item if the taxpayer is a VAT vendor or has previously become entitled to a deduction of input VAT |
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