Compensation received from termination of a contract: what determines whether it is of a capital or revenue nature

The nature of money received as compensation for the early termination of a contract has been determined by Case Law to be of capital or revenue nature to depend on the prevailing circumstances of each case. This paper evaluates Case Law and the principles contained therein which individually or cumulatively provide the guidelines of what presiding Judges have considered make compensation received from the termination of a contract to be of a capital or revenue nature. The cases under study will be those from South African courts as well as other jurisdictions which have had similar cases brought before its courts.

Grantor dc:publisher.institution

Department of Commercial Law

Year dc:date.issued

2014

Author dc:creator

• Mokotso, Mpho

Language dc:language.iso

eng

Handle dc:identifier.uri

http://hdl.handle.net/11427/9616

OAI identifier oai:identifier

oai:open.uct.ac.za:11427/9616