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Assets and Liabilties - To whom does it apply?

Posted 1 September 2015

Tshegofatso said:
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?

TaxTim Marc TaxTim Marc said:
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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