Special inclusions – gross income
SILKE CHAPTER 4
Step 1 Identify amounts that comply with the definition of gross income
- Specific inclusion amounts to include in ‘gross income’
- Why are there specific inclusions into gross income amounts that appear to be
capital in nature but in fact still need to be included
Gross income:
In relation to any year or period of assessment, means –
a) In the case of any resident, the total amount, in cash or otherwise received or
accrued to or in favor of such resident; or
b) In the case of any person other than a resident, the total amount, in cash or
otherwise received or accrued to or in favor of such person within the Republic
- NB: during such year or period of assessment excluding receipts or accruals of a
capital nature
Gross income and income
Gross income all receipts
Income amount after deductions etc.
, Special inclusions:
SILKE CHAPTER 4
Step 1 Identify amounts that comply with the definition of gross income
- Specific inclusion amounts to include in ‘gross income’
- Why are there specific inclusions into gross income amounts that appear to be
capital in nature but in fact still need to be included
Gross income:
In relation to any year or period of assessment, means –
a) In the case of any resident, the total amount, in cash or otherwise received or
accrued to or in favor of such resident; or
b) In the case of any person other than a resident, the total amount, in cash or
otherwise received or accrued to or in favor of such person within the Republic
- NB: during such year or period of assessment excluding receipts or accruals of a
capital nature
Gross income and income
Gross income all receipts
Income amount after deductions etc.
, Special inclusions:
