Taxation of derivative financial instruments : nature and timing of income and expenditure

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dc.contributor.advisor De Swardt, Redge D. en
dc.contributor.postgraduate Masondo, Jabulani Steven en
dc.date.accessioned 2013-09-06T16:06:16Z
dc.date.available 2010-04-09 en
dc.date.available 2013-09-06T16:06:16Z
dc.date.created 2009-09-01 en
dc.date.issued 2009-04-09 en
dc.date.submitted 2010-04-09 en
dc.description Dissertation (MCom)--University of Pretoria, 2009. en
dc.description.abstract The purpose or objective of this dissertation was to analyse the current income tax treatment of derivative financial instruments in South Africa. In the context of financial markets, derivative financial instruments are mainly used for hedging and speculation. The dissertation considers whether the current South African Income Tax Act deals with the income taxation of derivatives with respect to gains and losses and the timing of those gains and losses. With regards to the nature of gains and losses arising from derivative transactions, the aspect which was considered is whether gains and losses were of a capital or revenue nature in the context of speculation or hedging. With regards to the timing of gains or losses, the dissertation considers when gains and losses should be brought into taxable income of a taxpayer. The following examples of derivative financial instruments were analysed: cross currency swaps, index options, credit default swaps and contracts for differences (CFDs). These derivatives were analysed with respect to the nature and timing of the gains or losses when hedging or speculating. The impact of the provisions of the Eighth Schedule is also considered with respect to the derivatives mentioned above. Copyright en
dc.description.availability unrestricted en
dc.description.department Taxation en
dc.identifier.citation Masondo, JS 2009, Taxation of derivative financial instruments : nature and timing of income and expenditure, MCom dissertation, University of Pretoria, Pretoria, viewed yymmdd < http://hdl.handle.net/2263/23896 > en
dc.identifier.other F10/195/gm en
dc.identifier.upetdurl http://upetd.up.ac.za/thesis/available/etd-04092010-190251/ en
dc.identifier.uri http://hdl.handle.net/2263/23896
dc.language.iso en
dc.publisher University of Pretoria en_ZA
dc.rights © 2009, University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. en
dc.subject Taxpayers en
dc.subject Taxation en
dc.subject South africa sars en
dc.subject Expenditure en
dc.subject Income en
dc.subject Derivative finacial instruments en
dc.subject UCTD en_US
dc.title Taxation of derivative financial instruments : nature and timing of income and expenditure en
dc.type Dissertation en


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