n Tax Breaks Newsletter - 'Life rights' retirement village developer gets nasty tax shock : from the courts
|Article Title||'Life rights' retirement village developer gets nasty tax shock : from the courts|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Tax Breaks Newsletter|
|Publication Date||Oct 2007|
In a landmark judgment, the Supreme Court of Appeal held last month that notional overdraft interest on certain interest-free borrowings was a taxable benefit for the borrower, reports PricewaterhouseCoopers.
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