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Capital vs Revenue - Coggle Diagram
Capital vs Revenue
Change of intention 
John Bell
Principle: The mere decision to sell an asset does not change
an intention. Something more is required to change the character of an
asset
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Natal Estates
Ltd
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Niko
Principle: When a business is sold “lock-stock-and-barrel” for a lump sum, the proceeds cannot automatically be treated as entirely capital in nature.
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Stott
Principle: Consider the taxpayers intention at the beginning, at disposal and subsqeunt change in intention
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Principle: An asset may be realized to its best advantage
The fact that an asset is sold at a profit does not
necessarily indicate a change in intention
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CIR v Visser
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CIR v Pick ‘n Pay Employee Share
Purchase Trust
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George Forest
Timber Company Ltd
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Nel
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