March 10, 2020

Section 7C – a practical explanation

What is section 7C? This section of the Income Tax Act is an anti-avoidance measure aimed at transactions between connected persons and trusts, where a trust […]
June 15, 2017

Final and diluted legislation in relation to low interest loans and trust

The renewed focus by National Treasury on the taxation of trusts was widely anticipated and it came as little surprise earlier this year that the first […]
May 12, 2017

Interest free loans and trusts

The recent introduction of section 7C to the Income Tax Act[1] brought the taxation of trusts, and the funding thereof specifically, under the spotlight again. Briefly, […]
April 26, 2017

Interest free loans with companies

The latest annual nation budget presented in Parliament proposed the dividends tax rate to be increased with almost immediate effect from 15% to 20%. The increased […]
March 30, 2017

Interest free loans to directors

It is very often the case that a company extends an interest free or low interest loan to a director. This manifests either as a true […]