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The Tax Deductibility of Expenditure Incurred in Virtual Worlds



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The rapid development of virtual worlds has made virtual currency and virtual property big business. Virtual currency from almost every game and social virtual world can be exchanged for real world currency. It is this type of exchanges from virtual currency to real world currency, generally at a profit, that caught the attention of tax authorities.The study concluded that where income from virtual worlds form part of a resident's gross income, the expenditure incurred in generating this income, by means of a trading activity, qualify for a deduction in terms of the general deduction formula, contained in section 11(a) of the Income Tax Act of South Africa.






The rapid development of virtual worlds has made virtual currency and virtual property big business. Virtual currency from almost every game and social virtual world can be exchanged for real world currency. It is this type of exchanges from virtual currency to real world currency, generally at a profit, that caught the attention of tax authorities.The study concluded that where income from virtual worlds form part of a resident's gross income, the expenditure incurred in generating this income, by means of a trading activity, qualify for a deduction in terms of the general deduction formula, contained in section 11(a) of the Income Tax Act of South Africa.


Virtual school and distance education . Actors performing artists and taxes often dont seem to mix very well. Businesses employees are incurring new and significant expenses as they respond to COVID19 pandemic. Arguably the expense could form part of the cost base of the property being expenditure of a capital nature incurred in establishing the taxpayers.


Expenditure Incurred

Taxpayers who use intellectual property such as patents and trademarks in their trade in the production of income may obtain the right of such use in a number of different ways. However section 97A TCA provides for relief for certain preletting expenditure incurred in respect of vacant residential premises. In accordance with normal VAT rules deductibility is allowed only where expenditure is incurred which is attributable to taxable supplies by a business. If youre taxed at 15 you save 150 for every 1000 you deduct. Running a homebased business can offer tax deductions on home repairs in . The rapid development of virtual worlds has made virtual currency and virtual property big business. Claims for refunds of VAT incurred . 453 Ozon.Card. Compra online o livro The Tax Deductibility of Expenditure Incurred in Virtual Worlds Paperback softback 2011 de Johan Rudolph na Fnac.pt com portes .


Tanie e-booki The Tax Deductibility of Expenditure Incurred in Virtual Worlds PDF. Zabawna książka PDF .



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