Thank you so much, you explain so well. 1. leasehold improvement agreement in place, limited to R1.5 million, R1.8 million - R1.5 million = R300k not deductible. 2. Restraint of trade R600K/3 years = R200k deductible in 2021 year of assessment
Excellent presentation, I hadn't touched the books but i now have an idea of what to expect in the topic and how to approach. I like how you explained the principles of the general deduction formula using cases.
hi mam,amount deductible for restraint of trade is 200 000 and for leasehold improvements ( (1500 000/15 ) * 5/12) assuming that the year commence on 1st of March . Am I doing it right ?