SAIPA Professional Evaluation Exams 2016 - Important dates
It is hereby notified that the President has assented to the following Act, which is hereby published for general information:—
No. 24 of 2011: Taxation Laws Amendment Act, 2011
Please see the below attachment
Are legal expenses incurred in respect of annual renewal of leases for business premises deductable against taxable income? It is given that the lease is paid montly.
Further response to follow-up questions
The first question that requires attention, in relation to legal expense, is whether payment for legal expense constitutes payment of a revenue expense or capital expense. A response to this question relies on the facts and circumstances of the legal expense.