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Unlocking a hidden gem in the Income Tax Act

23 July 2024

Hidden gems in the form of tax deductions do exist in the Income Tax Act 58 of 1962 (“ITA”). With... escalating taxes, any hidden tax breaks are always welcomed by taxpayers. One such gem is buried in section 24O of the ITA. In this article we share the opportunities section 24O holds by focusing on its use and application to those acquiring equity shares.

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144
Article
Tax Evasion vs Tax Avoidance!

15 January 2024

Every day South Africans pay tax, whether it be for VAT charged on basic goods, fuel levies, or the dreaded... estate duty on passing. It is safe to say that with taxes lurking around every corner, it is not unforeseen that a person would look into ways to validly limit one’s tax exposure. This brings to front and centre the question of what is construed as tax evasion and what is tax avoidance.

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225
Article

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