CONTENTS

 

 

EDITORIAL

 

LETTER TO THE EDITOR RE THE VIRGIN SCA JUDGMENT, AND REPLY THERETO  ……………………………..​    1

 

 

ARTICLES AND NOTES

 

SARS VERSUS AFRICAN BANK – A DISSENTING VOICE  ………….​    3

 

TEST CASES ………………………………………………………………​    5

 

VESTED RIGHTS TO TRUST INCOME OR CAPITAL – FACT AND FICTION ……………………………………..​    7

 

 

CASE LAW

 

IN THE CONTEXT OF A GAAR ASSESSMENT, LEAVE TO APPEAL AGAINST DECISION OF THE SCA GRANTED, HIGH COURT DECISION TO ALLOW THE TAXPAYER TO PROCEED IN THE HIGH COURT CONFIRMED, THE REMAINING ISSUES TO STAND OVER FOR LATER  DETERMINATION BY THE CONSTITIONAL COURT  ……………….​  14