South Africa Case Law

Commissioner for the South African Revenue Service v Executors of Estate Late Sidney Ellerine (142/2017)

Commissioner for the South African Revenue Service v Executors of Estate Late Sidney Ellerine (142/2017) [2018] ZASCA 39; 2019 (1) SA 111 (SCA); 80 SATC 389 (28 March 2018)

Court

Supreme Court of Appeal

Case number

142/2017

Judges

Navsa, Wallis, Mbha, Davis, Hughes

The SCA held that preference shares had to be valued as convertible to ordinary shares for capital gains tax purposes, without needing shareholder approval.

• Capital Gains Tax
• Share Valuation
• Company Articles Interpretation
• Variation Of Share Rights
• Capital-gains-tax
• Share-valuation