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In the Gauteng Tax Court Case no: 11410

23 May 2005   (0 Comments)
Posted by: TaxFind™
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In the matter between The ABC Trust - appellant and the commissioner for the South African Revenue Service - respondent. Case no 11410

Mini Summary

In the 2003 tax year, the appellant, a family trust, received a bequest by way of a testamentary disposition from the testatrix.

The respondent regarded the bequest as a discharge of a debt for no consideration, which created a capital gain in the hands of the trust.The capital gain was therefore included in the appellant's taxable income as provided for in section 26A of the Income Tax Act 58 of 1962.

Held that the Commissioner was correct in regarding the bequest as a capital gain.The court set out the relevant statutory provisions in support of its finding, and dismissed the appeal.

To view full decision click here


Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.


The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.

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