n Without Prejudice - Assuming rehabilitation liabilities : tax

Volume 14, Issue 11
  • ISSN : 1681-178X



During December 2013, SARS released a draft discussion paper in which it set out its application of the relevant tax law in relation to the tax treatment of the purchaser and seller when contingent liabilities form part settlement of the purchase price of assets acquired as part of a going concern. SARS states that the document was prepared in light of recent judgements delivered by local and foreign courts in addition to numerous requests for clarity on the issue.

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