Joffe & co pty ltd v cir
WebJoffe & Co Ltd v Commissioner for Inland Revenue 1946 AD 157 at 166-7), and such consideration may be important when it comes to applying the proviso in (v), where the issue is whether or not the expenditure, or the losses, are of a capital nature (see Stone v Secretary for Inland Revenue 1974 (3) SA 584 (A) at WebCIR v People’s Stores (Walvis Bay) (Pty) Ltd 1990 . Accrued to. The taxpayer, a retailer, sold goods to its customers on a 6 month instalment credit basis. The court was called upon to decide whether amounts which would become receivable after the end of the year of assessment had in fact accrued to the taxpayer.
Joffe & co pty ltd v cir
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WebTimber Co Ltd 1924 AD 516; New Estate Areas Ltd v CIR 1946 AD 610; Palabora Mining Co Ltd v SIR 1973 (3) SA 819 (A)). Other cases distinguish losses from expenditure in the interpretation of the phrase ‘expenditure or losses’. As a point of departure in defining expenditure, it is important that one understands what constitutes ... WebIn Berea Park Avenue Properties (Pty) Ltd v CIR (1995 2 SA 11, 57 SATC 167) it is clear that the Appellate Division (as it then was) considered a profit-making scheme and trading stock in one ... John Bell & Co (Pty) Limited v SIR 1976 4 SA 415 (A), 38 SATC 87 – profit-making scheme using land as
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WebSee Page 1. Joffe & Co (Pty) Ltd v CIR1946 AD 157 says that a deduction must pass both the positiveand negative tests. 4.1.2.1.‘Carrying on any trade ’: You need to determine when a taxpayer is a trader. If there are any suspect trades, then in terms of section 20A, they will be ‘ring-fenced’ and the deductions will be specifically ... Web1 mei 2024 · Joffe & Co v CIR 1946 case summary Course Taxation law Institution University Of The Witwatersrand (wits) a brief summary of the joffe & Co v CIR case - …
WebJoffe & Co (Pty) Ltd v CIR (1946) 13 SATC 354 (A) at 360 ‘expenditure and losses’ Irrecoverable debt was a loss of loan capital. An amount paid under a suretyship was a …
WebIn Joffe & Co (Pty) Ltd v CIR [1946]13 SATC 354, the taxpayer company carried on business as engineers in reinforced concrete. A concrete structure erected by the … four seasons hualalai rentalWeb1.3 Joffe & Co. Joffe & Co (Pty) Ltd v CIR 1946 AD 157, 13 SATC 354. 1. Facts of Case The taxpayer company carried on business as engineers in reinforced concrete. … discounted cpap suppliesWeb9"John Bell & Co (Pty) Ltd v SIR 1976 (4) SA 415 (A), 38 SATC 87. 10 CIR v Richmond Estates (Pty) Ltd 1956 (1) SA 602 (A), 20 SATC 390. 8" " In addition in Natal Estates Ltd v SIR11 the taxpayer held a large piece of land purchased with … discounted cruise dealsWeb1.4 Joffe & Co. Refer to1. 1.4 C:SARS vs BP South Africa. Commissioner for SARS v BP South Africa (Pty) Ltd 68 SATC 229. Tax principle. When a loan is acquired with the … discounted couch cushionsWebSA Tax Guide Team is grateful to LexisNexis for making available the following cases: A. A v COT 1954 (1) SA 38 (SR), 19 SATC 29. A v COT 1969 (2) SA 689 (R), 31 SATC 66. A v COT 1969 (2) SA 689 (R), 31 SATC 66. A v COT (Supreme Court of Zimbabwe) (February 1988), 50 SATC 159. A v COT (High Court of Zimbabwe) (June 1988), 50 SATC 164. discounted cruises 2020WebJoffe & Co Ltd v Commissioner for Inland Revenue 1946. AD 157 at 166-7), and such consideration may be. important when it comes to applying the proviso in (v), where the … discounted cumulative gain翻译WebUnformatted text preview: Principles from case law Principles from the following tax cases were covered in Tax I Relevant to Definition of gross income Definition of gross income Definition of gross income Definition of gross income Words or phrase Considered Resident Amount 'from a source within ... the Republic' accrued to Name of the court … discounted crocs