New business

[dellatjie]

@Flaker, yes the lease income will be taxable in the individuals' name, but there are the following advantages:

* Every individual gets a primary rebate on taxable income of R70 700 per year (2015);
* The individual can deduct expenses such as repairs and maintenance and finance charges from income received, as it will now be incurred in the production of income.

That being said, one will have to look at the whole situation, ie. the taxable income of the company/CC, remuneration already received by the individual and so on.