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Venture and trade conducted by natural persons for income tax purposes
Mini Dissertation (MCom (Taxation))--University of Pretoria, 2009.
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| Format: | Thesis |
| Language: | English |
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University of Pretoria
2013
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| _version_ | 1867613440982384640 |
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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 | Mini Dissertation (MCom (Taxation))--University of Pretoria, 2009. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/30741 |
| institution | University of Pretoria (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:36:11.571Z |
| 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:2263/30741 Venture and trade conducted by natural persons for income tax purposes De Swardt, Redge D. coisvdw@yahoo.com Van der Westhuizen, Francois DuPlessis UCTD South Africa (SA) Income tax SARS Mini Dissertation (MCom (Taxation))--University of Pretoria, 2009. In order to deduct the start-up costs associated with a new business from the entrepreneur’s income for South African income tax purposes, the entrepreneur has to prove that he/she is in fact carrying on a trade, as defined. Taken from the definition of the term ‘trade’ the term ‘venture’ is not specifically defined in the Income Tax Act. At present there is no concrete guidance from SARS or the legislature assisting an entrepreneur in deciding whether his venture cost incurred falls in the ambit of the definition of a trade, assuming that all other requirements are met for a deduction from the natural person’s income. The objective of this study is to design a set of tests based on current legislation and relevant case law, aimed at assisting a natural person in determining whether venture costs will qualify as a trade, as defined. The tests will firstly assist in determining whether the entrepreneur is carrying on a trade as defined, and secondly whether venture costs incurred is of a revenue nature. Copyright Taxation Restricted Economic and Management Sciences 2013-09-09T07:27:59Z 2009-05-18 2013-09-09T07:27:59Z 2009-04-20 2009-01-14 2009-04-09 Mini Dissertation Van der Westhuizen, FD 2009,Venture and trade conducted by natural persons for income tax purposes, MCom dissertation, University of Pretoria, Pretoria, viewed yymmdd < http://upetd.up.ac.za/thesis/available/etd-04092009-142658/ > E1275/gm http://hdl.handle.net/2263/30741 http://upetd.up.ac.za/thesis/available/etd-04092009-142658/ en © 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 | UCTD South Africa (SA) Income tax SARS Venture and trade conducted by natural persons for income tax purposes |
| title | Venture and trade conducted by natural persons for income tax purposes |
| title_full | Venture and trade conducted by natural persons for income tax purposes |
| title_fullStr | Venture and trade conducted by natural persons for income tax purposes |
| title_full_unstemmed | Venture and trade conducted by natural persons for income tax purposes |
| title_short | Venture and trade conducted by natural persons for income tax purposes |
| title_sort | venture and trade conducted by natural persons for income tax purposes |
| topic | UCTD South Africa (SA) Income tax SARS |
| url | http://hdl.handle.net/2263/30741 http://upetd.up.ac.za/thesis/available/etd-04092009-142658/ |