by VDT Attorneys | Apr 22, 2024 | Currency gain, Exhange Item, Preference shares, SARS, Taxable gain, Taxable loss
Section 24I of the current Income Tax Act subjects realised and unrealised gains or losses on “exchange items” to normal income tax. As the act currently stands, an “exchange item” is confined to one of the following: a unit of foreign currency a debt in a foreign...
