Interest and income taxes - calculations and deductibility

Price:
R476.10 (VAT Incl.)
Level:
Tax Professionals
Sub-level:
Taxation
Lecturer:
Carmen Westermeyer
Duration:
120 Minutes
Additionals:
   CPD Assessment
   Certificate

Lesson Outline


This lesson covers the following:

  • What are the common law requirements and rules with respect to debt and charging interest?
  • Can charging/not charging interest give rise to donations tax?
  • What is s24J and how do we calculate interest for income tax purposes?
  • How can SARS penalize us for charging interest?
    • Section 8F and 8FA
  • When is interest paid deductible?
  • Disallowance of interest deductions (anti avoidance provisions)