n Tax Breaks Newsletter - CGT on loan rate reduction? : capital gains tax
|Article Title||CGT on loan rate reduction? : capital gains tax|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Tax Breaks Newsletter|
|Publication Date||Sep 2013|
|Pages||7 - 8|
SARS recently published a ruling dealing with the question as to whether the cancellation and extinguishment of a right to claim interest on a shareholder loan will trigger a capital gains tax (CGT) liability (Binding Private Ruling: BPR 152).
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