Read the full judgment text of CACV 49/2011 on BabelCite. This Court of Appeal judgment was delivered on 30 March 2012.
1. The Applicants are husband and wife. For the years of assessment 1993/94 to 1997/98, they jointly elected for personal assessment in relation to their salaries income. They claimed that the husband's losses on dealings in securities and futures had been incurred in the carrying on by him of a trade or business and should therefore be deducted when computing their total income.
Cited by 3 cases