Farming income vs lease income
A recent decision of the High Court of the Western Cape will be of interest to plantation farmers.
The Tax Court had upheld a SARS assessment of an additional R110 million against a company that had sold valuable farmland upon which a mature plantation existed. The company appealed the decision of the Tax Court and the matter was heard by the Western Cape High Court.
Read the full story on http://www.farmersweekly.co.za/.