The extinction of 'intra-group' debt : a case study analysis of the interaction between sections 8(4)(m) and 20(1)(a)(ii) and the applicability of the eighth schedule to the Income Tax Act 58 of 1962

A group finance company (or treasury company) is often established within a group of companies on the basis that all excess cash of the group will be deposited with that finance company and said finance company will act as a moneylender to the rest of the group. It is however not only the finance company that acts as a lender; loan accounts commonly exist between various companies within a group. These loans are required for a number of reasons, ranging from capital to operating requirements. It also happens that goods are supplied or services rendered between companies within the group which are not immediately paid for but remain outstanding on the loan account.

Grantor dc:publisher.institution

Department of Commercial Law

Year dc:date.issued

2010

Author dc:creator

• Huisamer, Dirk Esau

Advisor dc:contributor.advisor

• Warneke, David

Language dc:language.iso

eng

Handle dc:identifier.uri

http://hdl.handle.net/11427/11728

OAI identifier oai:identifier

oai:open.uct.ac.za:11427/11728