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Taxation of derivative financial instruments : nature and timing of income and expenditure
Dissertation (MCom)--University of Pretoria, 2009.
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| Format: | Thesis |
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University of Pretoria
2013
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| _version_ | 1867613610780393472 |
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| access_status_str | Open Access |
| author2 | De Swardt, Redge D. |
| author_browse | De Swardt, Redge D. |
| author_facet | De Swardt, Redge D. |
| collection | Thesis |
| dc_rights_str_mv | © 2009, University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. |
| description | Dissertation (MCom)--University of Pretoria, 2009. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/23896 |
| institution | University of Pretoria (South Africa) |
| last_indexed | 2026-06-10T12:38:53.515Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2013 |
| publishDateRange | 2013 |
| publishDateSort | 2013 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/23896 Taxation of derivative financial instruments : nature and timing of income and expenditure De Swardt, Redge D. jabulani.masondo@za.pwc.com Masondo, Jabulani Steven Taxpayers Taxation South africa sars Expenditure Income Derivative finacial instruments UCTD Dissertation (MCom)--University of Pretoria, 2009. The purpose or objective of this dissertation was to analyse the current income tax treatment of derivative financial instruments in South Africa. In the context of financial markets, derivative financial instruments are mainly used for hedging and speculation. The dissertation considers whether the current South African Income Tax Act deals with the income taxation of derivatives with respect to gains and losses and the timing of those gains and losses. With regards to the nature of gains and losses arising from derivative transactions, the aspect which was considered is whether gains and losses were of a capital or revenue nature in the context of speculation or hedging. With regards to the timing of gains or losses, the dissertation considers when gains and losses should be brought into taxable income of a taxpayer. The following examples of derivative financial instruments were analysed: cross currency swaps, index options, credit default swaps and contracts for differences (CFDs). These derivatives were analysed with respect to the nature and timing of the gains or losses when hedging or speculating. The impact of the provisions of the Eighth Schedule is also considered with respect to the derivatives mentioned above. Copyright Taxation unrestricted 2013-09-06T16:06:16Z 2010-04-09 2013-09-06T16:06:16Z 2009-09-01 2009-03-09 2010-04-09 Dissertation Masondo, JS 2009, Taxation of derivative financial instruments : nature and timing of income and expenditure, MCom dissertation, University of Pretoria, Pretoria, viewed yymmdd < http://hdl.handle.net/2263/23896 > F10/195/gm http://hdl.handle.net/2263/23896 http://upetd.up.ac.za/thesis/available/etd-04092010-190251/ © 2009, University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | Taxpayers Taxation South africa sars Expenditure Income Derivative finacial instruments UCTD Taxation of derivative financial instruments : nature and timing of income and expenditure |
| title | Taxation of derivative financial instruments : nature and timing of income and expenditure |
| title_full | Taxation of derivative financial instruments : nature and timing of income and expenditure |
| title_fullStr | Taxation of derivative financial instruments : nature and timing of income and expenditure |
| title_full_unstemmed | Taxation of derivative financial instruments : nature and timing of income and expenditure |
| title_short | Taxation of derivative financial instruments : nature and timing of income and expenditure |
| title_sort | taxation of derivative financial instruments nature and timing of income and expenditure |
| topic | Taxpayers Taxation South africa sars Expenditure Income Derivative finacial instruments UCTD |
| url | http://hdl.handle.net/2263/23896 http://upetd.up.ac.za/thesis/available/etd-04092010-190251/ |