South Africa on Capital Gains Tax

Below, please find issue 132 of ENS' Tax in brief, a snapshot of the latest tax developments in South Africa.

Rule 32(3) of the Rules promulgated under section 103 of the Tax Administration Act 28 of 2011 ("Tax Court Rules"), as amended...

A recent Constitutional Court judgment, Thistle Trust v Commissioner for the South African Revenue Service clarified the application of the conduit principle to capital gains distributed through a multi-tiered trust structure.