n Without Prejudice - Does the in duplum rule limit interest payable on a tax debt? : tax
|Article Title||Does the in duplum rule limit interest payable on a tax debt? : tax|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Author||Michael Honball and Leani Nortje|
|Publication Date||May 2014|
|Pages||6 - 7|
The in duplum rule is a South African common law rule, which originated in Roman law and provides that interest on a loan or debt will cease to run when the amount of outstanding interest reaches the amount of the outstanding capital. The in duplum rule is based on public policy and protects debtors who are in financial difficulty and are unable to service their debts from an ever-increasing accumulation of interest.
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