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What is the definition of an arms length transaction in South Africa?

Posted 26 November 2013

What is the definition of an arms length transaction in South Africa?

TaxTim Marc TaxTim Marc said:
27 November 2013 at 7:55

The basic definition is one where the transaction has been concluded at an amount and on the terms which would have been agreed upon between willing buyers and sellers. So effectively complete strangers to the transactions who have no extras added to the transaction.

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