Interested in racing? We have collected a lot of interesting things about Cir V Witwatersrand Association Of Racing Clubs. Follow the links and you will find all the information you need about Cir V Witwatersrand Association Of Racing Clubs.
Cir v witwatersrand association of racing clubs 1960
https://www.coursehero.com/file/p7tr72c/CIR-v-Witwatersrand-Association-of-Racing-Clubs-1960-3-SA-291-A-FACTS-The-tax/
CIR v Witwatersrand Association of Racing Clubs 1960 (3) SA 291 (A) FACTS: The tax payer held a race meeting for two charities and the way that the tax-payer went about this was clumsy: it held the race in its own name and it advertised the name in its own name It received the proceeds in its own bank account.
Case law - Case Law summary Definition of Gross Income – …
https://www.studocu.com/en-za/document/university-of-the-witwatersrand-johannesburg/taxation-iii/case-law/11566102
CIR v WITWATERSRAND ASSOCIATION OF RACING CLUBS The taxpayer held a race meeting with the object of donating the proceeds to two specific charities. The court held that the Association was taxable on the proceeds which had accrued to it.
Commissioner for the South African Revenue Services v …
http://www.saflii.org/za/cases/ZAWCHC/2008/44.html
Liability for taxation, once income has either been received or accrued, is best illustrated in CIR v The Witwatersrand Association of Racing Clubs (3) SA 291(A), 23 SATC 380. In this case the taxpayer held a horse race with a view to donating the profit to a …
Court Cases Gross income - BEL 200 SUMMARY OF COURT …
https://www.studocu.com/en-za/document/university-of-pretoria/taxation/court-cases-gross-income/15788468
2.3 Witwatersrand Association of Racing Clubs (in favou r of) CIR v Witwatersrand Association of Racing Clubs 1960 (3) SA 291 (A), 23 SATC 380. 1. Facts of Case The taxpayer held a race-meeting with the intention to divide the proceeds between two non-profit charities. The Commissioner included the amount in the gross income of the taxpayer, although they did in …
Leading Tax Cases – Organised By Subject Matter - The Taxpayer
https://taxpayer.myshopify.com/pages/leading-tax-cases
[48] CIR v Witwatersrand Association of Racing Clubs 1960 (3) SA 291 (A), 23 SATC 380, 1960 Taxpayer 133 [49] Rishworth v SIR 1964 (4) SA 493 (A), 26 SATC 275, 1964 Taxpayer 187 [50] Taxpayer v COT (Botswana) 43 SATC 118, 1985 Taxpayer 9
Court Cases Part 1 - BEL 200 SUMMARY OF COURT CASES 201 9 …
https://www.studocu.com/en-za/document/university-of-pretoria/taxation/court-cases-part-1/12065139
2.3 Witwatersrand Association of Racing Clubs (in favour of) CIR v Witwatersrand Association of Racing Clubs 1960 (3) SA 291 (A), 23 SATC 380. 1. Facts of Case The taxpayer held a race-meeting with the intention to divide the proceeds between two non-profit charities. The Commissioner included the amount in the gross income of the taxpayer, although they did in …
Week 4 Gross Income Case Law.docx - WEEK 4 GROSS …
https://www.coursehero.com/file/45217464/Week-4-Gross-Income-Case-Lawdocx/
CIR v Witwatersrand Association of Racing Clubs Definition of gross income – "accrued to" Once an amount has been beneficially received by or accrued to a taxpayer, that amount is taxed even though the taxpayer may have an obligation to pay it over to some other person.
Gross Income Cases - South African Tax Law Flashcards
https://quizlet.com/za/204673261/gross-income-cases-south-african-tax-law-flash-cards/
Witwatersrand Association of racing clubs. If an amount has accrued to a taxpayer and no legal obligation exists to pay it over (only moral obligation) to another individual, it has in fact accrued and is gross income. ... Capital V Revenue. 50 terms. Andrew_P84. Accounting 230 WSU test 3. 67 terms. ccx709. Accounting: Partnerships. 26 terms ...
Court_Cases_Part_1.pdf - Course Hero
https://www.coursehero.com/file/55787305/Court-Cases-Part-1pdf/
If there is a condition imposed in the contract, accrual is deferred until the condition is fulfilled. 2.3.2 Witwatersrand Association of Racing Clubs (in favour of) CIR v Witwatersrand Association of Racing Clubs 1960 (3) SA 291 (A), 23 SATC 380 1.
PwC Synopsis August 2008
https://www.pwc.co.za/en/assets/pdf/pwc-synopsis-august08.pdf
CIR v Witwatersrand of Racing Clubs 1960 (3) SA 291 (A), 23 SATC 380, namely, that once income is received by or accrued to a taxpayer it forms part of his gross income for income tax purposes, and that no subsequent disposal of that income by the taxpayer can undo that fact. In the current matter, the effect of the “extra-statutory
Got enough information about Cir V Witwatersrand Association Of Racing Clubs?
We hope that the information collected by our experts has provided answers to all your questions. Now let's race!
