2021
Volume 70
GENERAL
Another case of SARS not following the rules: pay now, argue later ................................ 86 Explanatory memoranda as aids to interpretation ................................................................ 41 Foreign exchange gains & losses and mining capital expenditure ...................................... 126 Funding of an offshore trust ................................................................................................... 83 Living life forwards, understanding it backwards .... .............................................................. 81 Mining capital expenditure and foreign exchange gains & losses ....................................... 126 Period of limitations, extension of ? What is an agreement? ............................................... 121 SARS Interpretation Note 114 – an unfortunate document ............................................... 44 Treaty non-discrimination clauses and the South African corporate roll-over relief regime ................................................................ 3 Trusts and accruals ..................................................................................................................... 7 Understatement penalties – bona fide, inadvertent error ..................................................... 122 Wealth tax ..................................................................................................................................... 1 What is an agreement? Extension of the period of limitations? ........................................ 121
Review of SARS decision refusing to withdraw section 80J notices and assessments pursuant thereto (ABSA Bank Ltd v CSARS [2021] ZAGPPHC 183, 2021 (3) SA 513 (GP), 83 SATC 401 ......................................... 129 C u m u l a t i v e T a b l e o f C o n ten t s a n d C a s e I n d e x
CASE LAW
Capital Gains Tax Discretionary trust as beneficiary of vesting trust awarding capital gains to its own resident beneficiaries (ITC 1941 38 SATC 387) ..................................... 50
Taxpayer making good losses of employee share trust, whether capital loss suffered in consequence thereof (Massmart Holdings Ltd v CSARS [2021] ZASCA 27, 83 SATC 333) ................................................................ 60
Income Tax Whether taxpayer, a contract miner, carried on mining operations (Benhaus Mining (Pty) Ltd v CSARS [2019] ZASCA 17, 2020 (3) SA 325 (SCA), 82 SATC 241) ............................................................................................................................ 72
