In this quarter’s issue of Business Tax & Company Law Quarterly:
THE IMPACT OF BUSINESS RESCUE ON TAX CLAIMS
By MILTON SELIGSON SC
Does SARS enjoy a preference under s 135 of the Companies Act against a company in business-rescue proceedings?
INTEREST-FREE AND LOW-INTEREST SHAREHOLDER LOANS
By LIESL KRUGER
Loans between companies and their shareholders or other group companies are a common method of providing finance in the South African corporate environment. Loans of this nature may, however, give rise to tax implications in the hands of the lender or the recipient, and careful consideration should therefore be given to these transactions.
AMALGAMATION TRANSACTIONS UNPACKED
By MICHAEL RUDNICKI
Section 44 of the Income Tax Act governs one of the six so-called corporate roll-over relief provisions. The section provides relief for South African tax resident companies seeking to merge with each other whereby businesses are transferred to the merged entity. The article examines the consequences of an amalgamation, merger or conversion of South African tax resident entities and unpacks the eligibility for qualification.
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Business Tax & Company Law Quarterly journal provides invaluable, practical and highly accessible opinions on relevant issues pertaining to tax in the business environment and to company law, particularly as it impacts the conduct of business in SA. The journal is edited by three of South Africa’s leading tax and corporate consultants, Milton Seligson
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