South Carolina § 12-2-40 Contracts intended to evade payment of tax or in fraud of tax laws against public policy.

South Carolina Statutes

§ 12-2-40 — Contracts intended to evade payment of tax or in fraud of tax laws against public policy.

South Carolina·Title 12 TAXATION·Ch. 2 GENERAL PROVISIONS

All contracts that are entered into with intent to evade payment of taxes or in fraud of the tax laws of this State are against public policy. The courts of this State may not lend their aid to enforce a contract entered into as a substitute for, or having as its consideration, a previous contract declared to be against public policy. Nothing in this section limits the power of an individual to administer his property by contract or donation so as to manage or avoid the impact of this or other tax laws on his personal property.

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All contracts that are entered into with intent to evade payment of taxes or in fraud of the tax laws of this State are against public policy. The courts of this State may not lend their aid to enforce a contract entered into as a substitute for, or having as its consideration, a previous contract declared to be against public policy. Nothing in this section limits the power of an individual to administer his property by contract or donation so as to manage or avoid the impact of this or other tax laws on his personal property.

South Carolina § 12-2-40 (Contracts intended to evade payment of tax or in fraud of tax laws against public policy.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.