(a) State and explain from tax perspective whether each of the following items are
capital or revenue.
– Legal and professional fees on computerization.
– Structural alterations to premises to maintain existing rent.
– Legal costs and stamp duty for acquisition of lease of business premises
– Expenditure on advertising to promote sale of goods or services provided
by a business income tax
– Reserves and provisions. (3 marks)
(b) Give five examples of non-taxable income. (5 marks)