South Africa Case Law

Burgess v Commissioner for Inland Revenue (685/91)

Burgess v Commissioner for Inland Revenue (685/91) [1993] ZASCA 88; 1993 (4) SA 161 (AD); [1993] 2 All SA 496 (A) (2 June 1993)

Court

Supreme Court of Appeal

Case number

685/91

Judges

Corbett, E M Grosskopf, Vivier, Kumleben, Nienaber

The court held that interest on money borrowed for a speculative investment was deductible, because the taxpayer was carrying on a trade through a venture.

• Income Tax Deduction
• Interest Expense
• Definition Of Trade
• Venture Speculation
• Capital Nature Expenditure
• Income-tax-deduction