The income tax consequences of closing down a division or a branch of a company

Buys, W.J.; Vosloo, L.

dc.contributor.author	Buys, W.J.
dc.contributor.author	Vosloo, L.
dc.date.accessioned	2011-01-11T06:33:50Z
dc.date.available	2011-01-11T06:33:50Z
dc.date.issued	1995
dc.description.abstract	It is a sign of today's economic realities that divisions and branches of companies are from time to time being closed down. This article investigates the income tax implications of this scenario with regard to the various expenses and costs incurred by the company. Special attention is given to the taxation implications of recurring expenses continuing after the actual close down as well as the aspects affecting trading stock, allowances in respect of capital assets and the position of debtors.	en
dc.identifier.citation	Buys, WJ & Vosloo, L 1995, 'The income tax consequences of closing down a division or a branch of a company', Meditari : Accountancy Research, vol. 3, pp. 18-43. [http://www.meditari.org.za]	en
dc.identifier.issn	1022-2529
dc.identifier.uri	http://hdl.handle.net/2263/15602
dc.language.iso	en	en_US
dc.publisher	School of Accounting Sciences, University of Pretoria	en_US
dc.rights	School of Accounting Sciences, University of Pretoria	en
dc.subject	Bad debts	en
dc.subject	Capital allowances	en
dc.subject	Capital nature	en
dc.subject	Collection costs	en
dc.subject	Compromise payment	en
dc.subject	Debtors	en
dc.subject	Delegation of obligations	en
dc.subject	Expenses	en
dc.subject	General deduction formula	en
dc.subject	Irrecoverable debts	en
dc.subject	Lease instalment	en
dc.subject	Lump-sum payment	en
dc.subject	Maintenance contract	en
dc.subject	Production of income	en
dc.subject	Retrenchment pay	en
dc.subject	Scrapping allowance	en
dc.subject	Trade test	en
dc.subject	Trading stock	en
dc.subject	Unexpired contracts	en
dc.subject	Warranties	en
dc.subject.lcsh	Collecting of accounts	en
dc.subject.lcsh	Depreciation allowances	en
dc.subject.lcsh	Interest -- Taxation	en
dc.subject.lcsh	Income tax -- Accounting	en
dc.subject.lcsh	Settlement costs	en
dc.subject.lcsh	Business enterprises -- Taxation	en
dc.title	The income tax consequences of closing down a division or a branch of a company	en
dc.type	Article	en