Are self-insurance premiums tax deductible? The Meiring Citrus judgment

<p>Are self-insurance premiums deductible? In this episode of Tax Break, I discuss the deductibility aspect of the Western Cape High Court judgment in CSARS v Meiring Citrus (Pty) Ltd. </p><p>I cover:</p><ul><li>The two grounds that SARS abandoned</li><li>The court’s conclusion as to whether the taxpayer actually incurred expenditure</li><li>Why I disagree with the court&#39;s position on expenditure</li><li>The court’s position on the capital nature of the premiums paid.</li></ul><p>If you work with South African tax as an auditor, accountant, lawyer, wealth planner or corporate finance professional, this episode is for you. Contact me at <a href="mailto:pieter@pvdz.co.za">pieter@pvdz.co.za</a> for feedback or tax advice. More resources at <a href="https://tax.pvdz.co.za/">https://tax.pvdz.co.za</a>.</p><p>Keywords: self-insurance premiums, section 11(a) deduction, Meiring Citrus, capital in nature, expenditure actually incurred, Labat Africa, section 23L, experience account, South African tax, Income Tax Act, Western Cape High Court, SARS</p>