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Filter: Loan
Tax implications of an interest-free loan to your subsidiary company

08 July 2014

Holdco (Pty) Ltd has recently established a subsidiary company Subco (Pty) Ltd. As a new company, Subco is in need... of a cash injection. Accordingly, Holdco provides a voluntary interest-free loan to Subco to help it out with some much-needed capital to help grow its business. But what are the tax implications of this interest-free loan, if any?

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318
Article
If my home loan is paid up, should I keep my account open?

02 June 2014

Mrs Brown bought a house and registered a mortgage bond in favour of Bank X to finance the sale. She... also opted for the home-owners’ insurance, an option provided by Bank X to insure the property against damages as a requirement of the home loan. After a period of 20 years Mrs Brown has finally paid the last outstanding instalment on her home loan. Mrs Brown felt relieved to finally own her home free from any debt. But has her home loan account automatically been closed? Why then is she still getting statements from the bank?

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291
Article
What to do with a man of straw?

25 October 2012

Business owners are becoming increasingly concerned with the escalating numbers of debtors failing to make payments and requiring legal action... to recover debt. However, more and more business owners are also finding out that many debtors are just not able to pay their debt or even a part thereof and have no property or assets that can be attached. What can be done with such a ‘man of straw’ or is he beyond the reach of the law.

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242
Article
Hoe om jouself te beskerm as jy geld leen

19 June 2012

In vandag se moeilike ekonomiese tye maak meeste mense gereeld staat op lenings om noodsaaklike items soos huise, motors en... selfs kruideniersware te kan bekostig. In sommige gevalle word persone genoodsaak om by instellings anders as banke lenings aan te gaan wat tot gevolg kan hê dat ‘n persoon uitgebuit kan word deur die hef van buitensporige rentes en kostes. Om dit te voorkom is dit belangrik om te weet wat jou regte as verbruiker is.

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222
Article

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