n Without Prejudice - Income earned by a minor - a case study : tax
|Article Title||Income earned by a minor - a case study : tax|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Publication Date||Feb 2011|
|Pages||13 - 14|
Mr X decides to provide financial assistance to his 16 year old daughter, G, to enable her to enter into the housing construction business. He makes an interest-free loan of R2 million to her, repayable in 10 years' time. He then helps her to construct a flat in Soweto from which she earns R300 000 as rental income.
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