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To bequeath or not
By Lesley Maman | Without Prejudice December 2011
In the case ITC 1835 the Tax Court in Kimberley deliberated on whether a
debt due to a deceased estate had been discharged for no financial
consideration and was therefore subject to Capital Gains Tax (CGT) on
the full value of the claim in terms of paragraph 12(5) of the Eighth
Schedule to the Income Tax Act.
...