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Commissioner, South Afrikan Revenue Service v Brummeria Renaissance (PTY) LTD and others : does the judgement benefit an understanding of the concept amount

dc.contributor.authorJansen van Rensburg, Eneliaen_ZA
dc.date.accessioned2018-05-14T14:06:05Z
dc.date.available2018-05-14T14:06:05Z
dc.date.issued2008-01
dc.identifier.citationJansen Van Rensburg, E. 2008. Commissioner, South African Revenue Service v Brummeria Renaissance (Pty) Ltd and others : does the judgement benefit an understanding of the concept "amount"?. Stellenbosch Law Review = Stellenbosch Regstydskrif 19(1):34-50.en_ZA
dc.identifier.issn1996-2193 (online)
dc.identifier.issn1016-4359 (print)
dc.identifier.urihttp://hdl.handle.net/10019.1/103999
dc.descriptionCITATION: Jansen Van Rensburg, E. 2008. Commissioner, South African Revenue Service v Brummeria Renaissance (Pty) Ltd and others : does the judgement benefit an understanding of the concept "amount"?. Stellenbosch Law Review = Stellenbosch Regstydskrif 19(1):34-50.en_ZA
dc.descriptionThe original publication is available at https://journals.co.za/content/journal/ju_slren_ZA
dc.description.abstractINSTRODUCTION: It has been said that the decision by the Supreme Court of Appeal (SCA) in Commissioner, South African Revenue Service v Brummeria Renaissance (Pty) Ltd is the most important tax case decided in the past 30 years. The case has far-reaching consequences for the many retirement village developers who financed the construction of units in retirement villages by obtaining interest-free loans from retirees in return for granting occupation rights in respect of these units. Questions have also been raised regarding the possible application of the decision to other interest-free loans and even other areas of taxation law. The case deals with the question whether a borrower of money under an interest-free loan can be taxed on the “benefit” of not having to pay interest. This paper argues that this question should be answered in the negative, since the borrower does not acquire property and no amount accordingly accrues to or is received by her, as required by the definition of “gross income”.en_ZA
dc.language.isoen_ZAen_ZA
dc.publisherJuta Law Publishingen_ZA
dc.subjectSouth African Revenue Serviceen_ZA
dc.subjectTaxation -- Benefit theoryen_ZA
dc.subjectInterest-free loans -- Taxationen_ZA
dc.subjectTax exemptionen_ZA
dc.subjectReal estate developers -- Taxationen_ZA
dc.subjectGross income -- Definitionen_ZA
dc.titleCommissioner, South Afrikan Revenue Service v Brummeria Renaissance (PTY) LTD and others : does the judgement benefit an understanding of the concept amounten_ZA
dc.typeArticleen_ZA
dc.description.versionPublishers versionen_ZA
dc.rights.holderJuta Law Publishingen_ZA


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