Page 170 - SAIT Compendium 2016 Volume2

Table of Contents (by section of IT Act)
NUMBER DATE NAME/SUBJECT SECTION OF INCOME TAX PAGE ACT
67 (Issue 2) 14 February Connected persons Section 1 (1), de nition of 572 2014 ‘connected person’
58 (Issue 2) 4 October The Brummeria case and the right to use Section 1 – de nition of ‘gross 507 2012 loan capital interest free income’
76 26 February 2014
Tax treatment of tips for recipients, employers and patrons I
Section1(1) - de nition of the 638 term ‘gross income’ Fourth
Schedule - paragraph 1 de nitions
of ‘remuneration’, ‘employer’,
‘employee’, ‘provisional taxpayer’; paragraph 2(1)
80 5 November The income tax treatment of stolen money Section 1(1) - de nition of ‘gross 675 2014 income’
Section 11(a), (c); Section 23(c), (g);
3 4 February Resident: de nition in relation to a natural Section 1 (1) 174 2002 person – ordinary resident
4 (Issue 4) 12 March Resident: de nition in relation to a natural Section 1 (1) 176 2014 person – physical presence test
6 (Issue 2) 3 November Resident: place of effective management Section 1 (1) 186 2015 (persons other than natural persons)
11 (Issue 3) 11 February Trading stock: assets not used as trading Sections 1 and 22 215 2015 stock
25 (Issue 2) 12 March Resident: de nition in relation to a natural Section 1 (1) – de nition of 368 2014 person – application of the physical ‘resident’
presence test in the year of death or insolvency
59 10 December Tax implications of the receipt or accrual Section 1, De nition of ‘gross 513 2010 of government grants and government income’, ss. 10 and 23 (n)
scrapping payments
26 30 March The taxation of CCMA and Labour 2004 Court Awards to employees and former
employees
Sections 1 de nition of ‘gross 372 income’, para. (c), para. (d) and
para. (f), s. 10 (1) (x) and s. 7A
(4A)
7 27 March Restraint of trade payments Sections 1, 11 (cA) and 23 (l) 194 2002
19 (Issue 3) 9 October Year of assessment of natural persons and 2013 trusts: accounts accepted to a date other
than the last day of February
Sections 1, de nition of ‘year 340 of assessment’, ss. 5, 66 (13A),
89quat and para. 21 of Fourth
Schedule
63 (Issue 2) 12 August Rules for the translation of amounts Sections 1, 6quat, 9A, 9D (6), 9G 537 2015 measured in foreign currencies and 25D
29 (Issue 2) 19 February Farming operations: equalised rates of tax Section 5 (10) and para. 19 of First 386 2013 Schedule
18 (Issue 3) 26 June 2015 Rebate or deduction for foreign taxes on Section 6quat 260 income
14 (Issue 3) 20 March Allowances, advances and Sections 8 (1) (a) and 8 (1) (c) 226 2013 reimbursements
12 27 March Recoupments: assets in a deceased estate Sections 8 (4) (a) and 25 (1) 219 2003