Latest / Tax Break: South African tax for professionals
Interest deductibility
SARS recently issued an interesting ruling on a something that comes up very often in practice - interest deductibility. In short, the ruling deals with the deductibility of interest on a loan that will be used to redeem preference shares. In this episode, I discuss the ruling, recap on the requirements for interest to be deductible and consider why the taxpayer may have felt it needed to apply for a ruling.
You can contact me at pieter@pvdz.co.za if you have any feedback on the episode, would like to suggest a topic for a future episode or require tax advice.
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The skinny
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