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

Volume 2005, Issue 239
  • ISSN :
USD

 

Abstract

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 ..

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/content/montb/2005/239/EJC78214
2005-12-01
2016-12-11

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