26 April
Many natural persons or trust shareholders in companies are confronted with the unintended tax consequences of owing an amount on a loan account to the company […]
5 February
A decision based solely on tax considerations is likely to be the wrong one. “I hate tax!” These were the words spoken by a director of […]
7 November
Top-rate taxpayers need to watch out for Section 20A Section 20 of the Income Tax Act 58 of 1962 deals with the set-off of losses from […]
11 October
Assessed losses can be carried forward—provided that the company doesn’t cease trading If the amount of allowable deductions exceeds the taxable income in your business, you […]
14 September
Deductions are disallowed under Section 23(o)—but it’s not quite cut and dried… The meeting went on longer than you expected, and now you’re rushing to get […]
12 August
The nature of a taxpayer’s business may be such that the taxpayer receives amounts under a contract that will be used to finance expenditure to be […]
12 August
You can use a loan re-advance against your house to purchase a rental property, and get the interest allowed as a tax deduction – it just […]