n MoneyMarketing - Transfer pricing considerations relating to section 7C of the Income Tax Act - news & opinion

Volume 2020 Number 4
  • ISSN : 2617-6777


Section 7C of the Income Tax Act, No 58 of 1962 (the Act), was enacted effective 1 March 2017 and serves as an anti-avoidance measure aimed at curbing the tax-free transfer of wealth to trusts through the use of low-interest or interest-free loans, advances or credits (furthermore only ‘loans’).

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