Page 4 - Non-residence taxation
P. 4

General Deductions – Court Cases



               3. Actually Incurred




                 3.1. Edgars Stores: Actually incurred = unconditional



                 obligation



                        3.1.1. if an amount can not be quantified it should be


                        estimated




                 3.2. Nasionale Pers Bpk: If there is no definite and absolute


                 liability during YOA = expenditure not incurred.




                 3.3. Golden Dumps (Pty) Ltd: Expenditure in dispute at YE =


                 not actually incurred




                 3.4. Labat: Shares issued in exchange / acquisition of an asset


                 is not expenditure actually incurred

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