Page 39 - P6 Slide Taxation - Lecture Day 2 - Trust
P. 39
Interest free/low-interest loans
• Not a donation for purposes of donations tax!
• If low interest is charged (for example 2%
instead of 8% market related), income earned
is attributed on a pro-rata basis.
• Section 7 may then be applied to 6%/8% of
the income.
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