South Africa Case Law

Commissioner for the SA Revenue Service v Wyner (581/2002)

Commissioner for the SA Revenue Service v Wyner (581/2002) [2003] ZASCA 122; [2003] 4 All SA 541 (SCA); 2004 (4) SA 311 (SCA); 66 SATC 1 (25 November 2003)

Court

Supreme Court of Appeal

Case number

581/2002

Judges

Southwood, Howie, Navsa, Nugent, Cloete

The SCA held that profit on the sale of a Clifton property was revenue income, because the taxpayer bought it with the fixed intention of reselling at a profit.

• Capital Vs Revenue Nature
• Scheme Of Profit Making
• Intention Of Acquisition
• Sale Of Immovable Property
• Gross Income Inclusion
• Capital-vs-revenue