n Without Prejudice - Does the rule limit interest payable on a tax debt? : tax

Volume 14, Issue 4
  • ISSN : 1681-178X



The 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 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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