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Are self-insurance premiums tax deductible? The Meiring Citrus judgment
Are self-insurance premiums deductible? In this episode of Tax Break, I discuss the deductibility aspect of the Western Cape High Court judgment in CSARS v Meiring Citrus (Pty) Ltd.
I cover:
The two grounds that SARS abandoned
The court’s conclusion as to whether the taxpayer actually incurred expenditure
Why I disagree with the court's position on expenditure
The court’s position on the capital nature of the premiums paid.
If you work with South African tax as an auditor, accountant, lawyer, wealth planner or corporate finance professional, this episode is for you. Contact me at…
The skinny
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