Farming income vs lease income

A recent decision of the High Court of the Western Cape will be of interest to plantation farmers.

By Peter O' Halloran

23 Jan 2015

Farming income vs lease income

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/.

Source: Farmer's Weekly

Farmer’s Weekly has a long and proud history of serving South Africa’s agricultural industry. Throughout the years, Farmer’s Weekly has been a clarion for South Africa’s farming community and, the magazine remains fully committed to its original undertaking – the advancement of the interests of farmers and their industry.

Go to: www.farmersweekly.co.za

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