Tax Synopsis

William Shakespeare, in his celebrated tragedy, Hamlet, painted the graphic analogy of a military engineer being blown sky high by his own explosive device – 'hoist with his own petard' – as Hamlet plotted to thwart his uncle's plans. Some 400 years later, this image could equally well be applied to an appeal in the Western Cape High Court when the Court delivered its judgment in ABC (Pty) Ltd v Commissioner for the South African Revenue Service [2015] ZAWCHC 8 (judgment delivered on 6 February 2015).

In this issue:

  • SARS blown up by its own landmine
  • The valuation of their trading stock by share dealers – the 2011 amendments to the Income Tax Act
  • Farmer's produce 'held and not disposed of' by him at year-end
  • SARS Watch



Tax Synopsis 2015
Tax Synopsis 2012
Tax Synopsis 2011
Tax Synopsis 2009