Five Elements of Gross Income Definition

Total amount, in cash or otherwise:

CIR v Butcher Bros (Pty) Ltd

CSARS v Brummeria

Lategan v CIR

Principle: The word amount should be given a meaning that is not only about money but about the value of every property owned by the taxpayer, which has monetary value.

Principle: The onus is on SARS to determine the amount. Therefore, the amount must be of determinable value for it to be gross income.

Principle: The amount has to be in the form of an asset which can be turned into money if it was sold.

Receipt:

MP Finance

Delagoa Bay Cigarettes

Gekdenhuys v CIR

Pyott Ltd v CIR

CIR v Witwatersrand Association of Racing Clubs

During the year/period of assessment:

Accruals

Lategan v CIR

Mooi v CIR

CIR v People's Stores (Walvis Bay) (Pty) Ltd

Capital v Income

Principle:

Principle:

Principle:

Principle: Amount will be included in gross income if it is received by taxpayer on his/her behalf for his/her benefit.

Principle:

Principle:

Principle:

Principle: