n Tax Breaks - Restraint of trade agreements come unstuck after inspection : retraint of trade

Volume 2005, Issue 239
  • ISSN :


Extracted from text ... RETRAINT OF TRADE Moneyweb's TAX BREAKS December 2005 7 Restraint of trade agreements come unstuck after inspection By HARRY JOFFE ITC 11220 involved a discussion around the purpose, nature and the real intentions behind a restraint of trade agreement. It is important to note that the events of this case took place before the gross income definition was amended (in 2000) to make payments in respect of restraint of trade agreements taxable in the recipient's hands. Therefore, this case was decided in terms of the old principles, whereby restraint of trade receipts were tax-free capital receipts in the hands ..

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