Interest Free or Low Interest Loans to Trusts – Draft Taxation Laws Amendment Bill – 8 July 2016
The Draft Taxations Laws Amendment Bill, 2016 has been made available for comments. As far as trusts are concerned a new section 7C is proposed. The provisions of said section can be summarised as follows: The provisions apply to a loan, advance or credit made by a natural person,or by any company in relation to […]