Gross income

Gross income

Resident: total amount, in cash or otherwise, received by or accrued to or in favour of resident, that is not capital in nature.
Any other person other than resident: total amount, in cash or otherwise, received by or accrued to or in favour, from a source within Republic.
Summary
1. Is there an amount in cash or otherwise?
  1. No
    1. No inclusion in gross income
  2. Yes
    1. Is the amount received by or accrued to in favour of a person?
      1. Yes
        Was the amount received during the y.o.a?
        No
        Yes
        Was amount received capital nature?
        Yes
        No
        Is person resident of Republic?
        Yes
        Amount is included in GI
        No
        Amount from a source within the Republic?
        No
        Yes
      2. No
Income or Capital nature?
1. Determine intention
  1. realisation of asset in course of carrying on a business?
  2. pursuance of a profit-making scheme?
  3. Change in intention
    1. Natal Estates - Crossed the Rubicon
2. Fixed or floating capital?
  1. George Forest Timber Co - Floating cap. is consumed in production; Fixed does not.
3. Visser - Tree vs fruit
Special inclusions
1. s.1(a) - (n)

Resource summary

	Created by meyer cohn about 9 years ago