The 15 year prescription period applies to
so I expect municipal rates is included under that.any debt in respect of any taxation imposed or levied by or under any law;
The 15 year prescription period applies to
so I expect municipal rates is included under that.any debt in respect of any taxation imposed or levied by or under any law;
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Im a tad confused about this 15 years or the 30 years - this taken from the Prescription Act 68 of 1969 as amended:
11 Periods of prescription of debts
The periods of prescription of debts shall be the following:
(a) thirty years in respect of-
(i) any debt secured by mortgage bond;
(ii) any judgment debt;
(iii) any debt in respect of any taxation imposed or levied by or under any law;
(iv) any debt owed to the State in respect of any share of the profits, royalties or
any similar consideration payable in respect of the right to mine minerals or
other substances;
(b) fifteen years in respect of any debt owed to the State and arising out of an advance
or loan of money or a sale or lease of land by the State to the debtor, unless a
longer period applies in respect of the debt in question in terms of paragraph (a);
(c) six years in respect of a debt arising from a bill of exchange or other negotiable
instrument or from a notarial contract, unless a longer period applies in respect of
the debt in question in terms of paragraph (a) or (b);
(d) save where an Act of Parliament provides otherwise, three years in respect of any
other debt.
Which way do you interpret it to be ?
Dave A (07-Mar-12)
30 years on taxes it would be, then.
I was relying on a post about prescription here. I suspect copy and paste problems.
Given the search popularity of that thread, I think I'm going to take the liberty of correcting the post.
Participation is voluntary.
Alcocks Electrical Services | Alcocks Pest Control & Entomological Services | Alcocks Hygiene Services
Participation is voluntary.
Alcocks Electrical Services | Alcocks Pest Control & Entomological Services | Alcocks Hygiene Services
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