units

BTW3303

Faculty of Business and Economics

Undergraduate - Unit

This unit entry is for students who completed this unit in 2014 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered, or view unit timetables.

LevelUndergraduate
FacultyFaculty of Business and Economics
Organisational UnitDepartment of Business Law and Taxation
OfferedSouth Africa Second semester 2014 (Day)
Coordinator(s)Mr Keith Jordaan

Synopsis

This unit introduces the accounts of executors, liquidators and trustees and examines how estates are taxed. It also includes an examination of: capital gains tax, fringe benefits, retirement benefits, employees' and provisional tax, tax avoidance and administrative procedures, including objection and appeals. This unit is a requirement for those students following the route to the qualification of a Chartered Accountant (South Africa).

Outcomes

The learning goals associated with this unit are to:

  1. describe and explain the South African executors' accounts and prepare such accounts
  2. calculate the tax payable on estates
  3. describe and interpret the provisions regarding employees' tax and provisional tax
  4. describe and explain how the tax system is administered and the process of objection and appeal
  5. explain the difference between tax avoidance and tax evasion and apply the relevant principles in a particular given set of circumstances
  6. identify and describe the fringe and retirement benefits and calculate how they are taxed
  7. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with taxation and demonstrate in an individual summative assessment the acquisition of a comprehensive understanding of the topics covered in BTW3303.

Assessment

Within semester assessment: 30%
Examination: 70%

Chief examiner(s)

Workload requirements

3 hours per week

Prerequisites

Student must have passed BTW3302 before undertaking this unit.

Co-requisites

One 2-hour lecture and one 1-hour tutorial per week