South Africa Case Law

Taxpayer v Commissioner for the South African Revenue Services (13798; 13931; 14294)

Taxpayer v Commissioner for the South African Revenue Services (13798; 13931; 14294) [2019] ZATC 5 (17 September 2019)

Court

Tax Court

Case number

13798; 13931; 14294

Judges

L R Adams, M F Van Wyk, T V L Makhakhe

The Tax Court held that a taxpayer could not claim capital losses from an employee share incentive trust because the asserted right was a personal right, not a CGT asset.

• Capital Gains Tax
• Employee Share Incentive Scheme
• Trusts In Taxation
• Definition Of Asset
• Capital Loss Deduction
• Capital-gains-tax