TAX2601 Assignment 5 Due 9 October 2024

Module: Assessment number:
Due date:
Assessment criteria

TAX2601
5
(Semester 2)
9 October 2024
22h00 (10 PM)
This assessment covers learning
units 4 – 6.

Instructions:
• You may write or type your answers, however, it must be uploaded on myUnisa as ONE document in a
.pdf format.
• Confirm that you have uploaded the correct document after you have submitted your assessment
answer.
• You need to do all the questions.
• Start each question on a new (separate) page and number the questions clearly.
• This assessment will contribute 10% towards your final mark.
• You are REMINDED that answers that you submit needs to be your own work as it reflects YOUR
understanding of taxation. No group efforts or help from anybody are allowed. If you are part of a class
or tutor group, DO NOT discuss the assessment in class – do it on your own and there will be no
allegations of plagiarism. Any indication of academic misconduct will be allocated a mark of 0% for the
assessment.
• It is best to not wait until the last moment to submit your answers. Rather finish the assessment a day
or two before the due date and time and submit it earlier. This will circumvent the risks of e.g. running
out of data, no electricity, system issues, etc.

Assumptions for answering the questions:
1. All amounts exclude VAT unless stated otherwise.
2. All persons mentioned are residents of the Republic of South Africa unless stated otherwise.
3. You must ignore all capital gains tax consequences for purposes of this assessment.
3. SARS = South African Revenue Service
4. Show all workings, where applicable. Where an amount is subject to a limitation, clearly indicate the
application of the limitation. Where any item is exempt from tax or not allowable as a deduction, this
must be indicated, and a brief reason provided. All amounts must be rounded to the nearest Rand.