THE UNITRANS CASE: WHEN CAN INTEREST BE DEDUCTED AS AN EXPENSE?

SARS Provides Ruling On Donations Tax Threshold

The High Court recently handed down judgment in an appeal from the Tax Court in the matter Unitrans Holdings Limited v CSARS. Unitrans Holdings Limited (Unitrans), is an investment holding company that performs a treasury function to group companies, including providing loan funding and cash management. Unitrans’s wholly owned subsidiaries had a cash management arrangement