n Tydskrif vir die Suid-Afrikaanse Reg - Taxability of interest-free loans : a storm in a teacup : case discussion

Volume 2008, Issue 1
  • ISSN : 0257-7747
  • E-ISSN: 1996-2207



It is submitted that the recent decision by the supreme court of appeal on interest-free loans is a storm in a teacup. According to media reports, however, the case had "turned tax law on its head" (Ernst & Young (Sep 2007)). These reports have sent shock waves throughout the tax community. A careful reading of the case in question, however, soon indicates that the media reports are wrong, and that the ruling does not imply that all interest-free loans fall within the gross-income definition in the Income Tax Act 58 of 1962 (the act). The decision does, nonetheless, raise several related questions.

Loading full text...

Full text loading...


Article metrics loading...


This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error