1887

oa De Rebus - Tax law - payments by an employer to an employee in terms of an agreement in restraint of trade: a cautionary note

 

Abstract

The capital nature of a payment received by an employee for undertaking a restraint is examined by the author. The writer points out several pitfalls and discusses cases from which it is clear that each case must depend upon its own circumstances but it cannot be unreservedly accepted that a payment made by an employer to an employee in terms of an agreement in restraint of trade implies the sterilization of a capital asset and the receipt of a capital nature.

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/content/derebus/1980/148/AJA02500329_1014
1980-04-01
2016-12-05
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