FI­NANCE FOR EN­TREPRENEURS TIP

Finweek English Edition - - MONEY -

IF YOU HAVE spot­ted an in­ter­est­ing in­vest­ment op­por­tu­nity and want to save on some tax while back­ing a promis­ing en­tre­pre­neur, do some read­ing up on Sec­tion 12J of the in­come tax act. This tax ben­e­fit ef­fec­tively ad­justs the risk of in­vest­ing in pri­vate com­pa­nies re­quir­ing growth cap­i­tal while re­duc­ing the risk to 60% of the in­vest­ment as a re­sult of the tax de­duc­tion.

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