South Africa Case Law

Kommissaris: Suid Afrikaanse Inkomstediens and Another (96/2001)

Kommissaris: Suid Afrikaanse Inkomstediens and Another (96/2001) [2002] ZAFSHC 4 (13 June 2002)

Court

Free State High Court, Bloemfontein

Case number

96/2001

Judges

Hancke, Cillié, Sibeko

The court held that the respondents carried on trade in 1996 through active business steps after selling their business, so the assessed loss could be set off.

• Carry Forward Of Tax Losses
• Definition Of Trade
• Income Tax Act Section 20
• Active Business Operations
• Carry-forward-of-tax-losses
• Definition-of-trade