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Farming income vs lease income

By Peter O' Halloran

23 Jan 2015

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/.

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