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CAPITAL VS. REVENUE - Coggle Diagram
CAPITAL VS. REVENUE
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Nel
Kruger Rands are a unique asset where the only income earned is through sale. Therefore it will normally be seen as capital unless it is your trade to buy and sell them
Capstone
A company’s intention is indicated by the persons who are in effective control of the company, such as directors and executive management
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Nussbaum
Secondary purpose of selling at a profit in future could taint the primary
purpose and result in a change in intention.
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Natal Estates Ltd
A person may realize his capital asset to his best advantage. However, the taxpayer must be careful not to “cross the Rubicon” and embark on a scheme of profit-making
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