Home » Latest News » 

Legal Counsel – Dispute Resolution & Judgments – Supreme Court of Appeal: 2022–2020

Legal Counsel – Dispute Resolution & Judgments – Supreme Court of Appeal: 2022–2020

7 November 2022 – Income Tax Act, 1962

Revenue – capital gains tax – Income Tax Act 58 of 1962 – capital gains determined in respect of trusts’ disposal of assets vested in a resident trust beneficiary, who in turn made a distribution to its beneficiaries in the same year of assessment – whether section 25B or paragraph 80(2) of Schedule 8 is applicable – whether the appellant was correct in imposing an understatement penalty of 50% and interest.

Share this page on:
Facebook
Twitter
LinkedIn
Email
Print