South Africa Case Law

Taxpayer H v Commissioner for the South African Revenue Service (IT 14213)

Taxpayer H v Commissioner for the South African Revenue Service (IT 14213) [2022] ZATC 5; 85 SATC 35 (9 February 2022)

Court

Tax Court

Case number

IT 14213

Judges

BAM, Sandile Nhleko, Baneka Xaba

The Tax Court held that Taxpayer H failed to prove a money-lending trade or income-production purpose for interest deductions, and upheld the understatement penalty.

• Deductibility Of Interest
• Money Lending Trade
• Understatement Penalty
• Tax Administration Act
• Income Tax Act
• Burden Of Proof