South Africa Case Law

Commissioner For Inland Revenue v Standard Bank of South Africa Ltd. (81/85)

Commissioner For Inland Revenue v Standard Bank of South Africa Ltd. (81/85) [1985] ZASCA 63; [1985] 2 All SA 512 (A) (22 August 1985)

Court

Supreme Court of Appeal

Case number

81/85

Judges

Corbett, Miller, Van Heerden, Hefer, Galgut

The court held that interest on deposit moneys remained deductible even though some funds were used to buy redeemable preference shares generating exempt dividends.

• Income Tax Deductions
• Interest Expense
• Exempt Income
• Redeemable Preference Shares
• Income-tax-deductions
• Interest-expense