Capital Versus Revenue: Some Guidance - SAFLII

Capital Versus Revenue: Some Guidance 1Introduction For income tax purposes, the distin ction between whether an amount or expenditure is of a capital nature or not is decisive. Receipts and accruals of a capital nature do not form part of the gross income definition (the definition in s 1 of the Income Tax Ac t 58 of 1962 (the ITA) reads ...

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