The taxation of private equity carried interest in South Africa

• Main Author: Kraut, Ryan
• Format: Others
• Language: en
• Published: 2017
• Subjects: Taxation > Law and legislation > South Africa; Interest > Law and legislation > South Africa; Investments > Law and legislation > South Africa; Portfolio management > South Africa; Private equity > Taxation > South Africa
• Online Access: Kraut, Ryan (2016) The taxation of private equity carried interest in South Africa, University of the Witwatersrand, Johannesburg, <http://wiredspace.wits.ac.za/handle/10539/22217|>; http://hdl.handle.net/10539/22217

A research report submitted to the Faculty of Commerce, Law and Management in partial fulfilment of the requirements for the degree of Master of Commerce (Specialising in Taxation) === In this research report the South African taxation of carried interest in a private equity context is examined. The extent to which reform of that taxation should be considered is also presented in this report. The nature of carried interest in the South African private equity context is initially examined. Thereafter, a discussion of the relevant provisions of the Income Tax Act and related South African case law that would likely apply to the taxation of carried interest is set out. An analysis and determination of how appropriate and adequate the taxing provisions and relevant principles from case law are in the taxation of carried interest is provided. A recommendation for new legislation to deal with the taxation of carried interest has also been made. === MT2017