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Assets and Liabilties - To whom does it apply?

Posted 1 September 2015 under Tax Q&A


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Tshegofatso says:
1 September 2015 at 11:17

Does the asset and liabilities section pertain to business (if one is a director) or is it on a personal basis?

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TaxTim TaxTim says:
1 September 2015 at 14:39

If it is for your personal tax return, then you need to list your own personal assets and liabilities.
However, if you are completing your company tax return then the assets and liabilities section will pertain to your business.


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Blog Categories


Small
Business
Tax Returns
Made Easy


TaxTim will help you:

 Do Your ITR14 Tax Return without a Tax Expert
 Claim for all the Deductions your Business Qualifies for
 Turn your Accounting Records into a Tax Return

TaxTim asks you simple questions about your business, then processes your answers and completes your ITR14 business tax return instantly.

Get started