Hi All,

I need some info on the following situation.

Say you are in a legal battle with someone and

A) It goes to court and you win the case - how is this handled from an accounting view - Does SARS need to know about it and will it be taxed?

B) The other party decides to settle you out of court - how is this handled from an accounting view - Does SARS need to know about it and will it be taxed?


Any info would be welcome, Thanks!