A number of cases dealing with the valuation of trading stock have been considered by the courts in recent years. In C:SARS v...
Valuation of trading stock for tax purposes
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Corporate and business tax
Tax complexities of lease arrangements
The tax implications of lease arrangements may be inherently complex in nature. This includes the tax treatment of lease...
Assumption of contingent liabilities in restructuring transactions
The Income Tax Act contains a number of special rules, often referred to as the corporate rules, to facilitate certain...
Deductions allowed for future expenditure
Taxpayers are taxed on income at the earlier of the date of receipt or accrual and are entitled to deduct expenditure to produce...
Amendments to the debt relief tax rules
The Income Tax Act contains specific rules that determine the tax implications if a taxpayer is relieved of its debts...
Changes to venture capital company tax regime
The South African National Treasury introduced the venture capital company (VCC) regime in section 12J of the Income Tax Act in...