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n Tax Breaks Newsletter - Share traders under the judicial spotlight : from the courts

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Abstract

The issue of share trading, and whether the profits or the losses derived therefrom should be treated on capital or revenue account for tax purposes, has been a contentious issue in South African tax law for quite some time. For South African income tax purposes, the general rule in determining the nature of the proceeds or the losses derived from share market activities is to determine the intention with which the shares were acquired and held by the taxpayer.

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/content/montb/2013/334/EJC143916
2013-11-01
2016-12-08
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