Tag: TaxAdvice
A school reunion, a business sale and an unexpected tax lesson
In August I returned to East London for the 40th reunion of my class at Clarendon Girls’ High School. There is something wonderfully strange about seeing people again after four decades. Careers have been built, businesses started, families raised, countries crossed, and lives have taken turns none of us could possibly have predicted when we walked out of those school gates. And yet, within minutes, forty years seem to disappear.
Insurance deductions – court clarifies tax treatment.
On 26 June 2026, the Western Cape High Court, in Commissioner for the South African Revenue Service (SARS) vs Meiring Citrus (Pty) Ltd, upheld SARS's appeal. The court held that a R10 million self-insurance deduction was not allowable. What began with a R10 million tax deduction claimed in Meiring Citrus' 2017 year of assessment ultimately resulted in years of verifications.
