We use cookies to customise content for your subscription and for analytics. If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.
After the judgment in the Ackermans case (2010) 73 SATC 1, and SARS' issuing binding Class Ruling 029 in respect of the deductibility of contingent liabilities when buying the assets and liabilities of another company in the same group of companies (Tax Alert dated 13 May 2011), in the draft Taxation Laws Amendment Bill 2011 there is a proposed new section 24CA
