n Without Prejudice - To bequeath or not : tax
|Article Title||To bequeath or not : tax|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Publication Date||Dec 2011|
|Pages||12 - 13|
In the case ITC 1835 the Tax Court in Kimberley deliberated on whether a debt due to a deceased estate had been discharged for no financial consideration and was therefore subject to Capital Gains Tax (CGT) on the full value of the claim in terms of paragraph 12(5) of the Eighth Schedule to the Income Tax Act.
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