12.     SUBSIDIES IN RESPECT OF DEBT

 [Heading of paragraph 12 substituted by section 34 of Act 96 of 1985 and section 99 of Act 25 of 2015 effective on 8 January 2016]

 

The cash equivalent of the value of the taxable benefit consisting of any subsidy in respect of the amounts of interest or capital repayments referred to in paragraph 2(g) or any subsidy contemplated in paragraph 2(gA) shall be the amount of such subsidy.