What are Capital Allowances - Taxation in South Africa #TAX2601 #TAX #UNIVERSITY

There are certain deductions and allowances which will reduce your taxable income. What are Capital Allowances? In this video, we cover the tax theory relating to deductions and allowances when determining the taxable income for a business. Capital Allowances are similar to tax deductions because they reduce the final taxable income amount. Certain assets used within the business may qualify for a capital allowance. Small Business Corporations enjoy accelerated capital allowances when completing their tax return. Taxation in South Africa #TAX2601 #TAX #UNIVERSITY For more content visit the website: http://www.creativosolutions.com/ Steemit Blog: https://steemit.com/@creativo Udemy Online Courses link: https://www.udemy.com/user/anthony-fo... Instagram: https://www.instagram.com/creativosol... Soundcloud:   / user-301604869-194340999   Twitter:   / creativo_s   Podcast: http://www.podcasts.com/creativo-solu... Any donations welcome to help support this channel, please donate using PayPal: https://www.paypal.com/cgi-bin/webscr...