April 20, 2020

The give and take of share transfers

Many business transactions are concluded in terms of section 42 of the Income Tax Act. The section essentially allows a transfer of an asset by a […]
April 20, 2020

The Costs of Transferring Retirement Funds

Binding Class Rulings (BCR) are issued in response to applications by a specific class of taxpayers (usually persons that will have the same tax consequences apply […]
April 20, 2020

Tax relief amid COVID-19

While South Africa is currently in a state of lockdown during which a significant number of businesses have had to cease operations, some relief from a […]
April 20, 2020

Capital Gains Tax on Death

Section 9HA of the Income Tax Act deals with deemed disposals by a deceased person. This section of the Act often causes some confusion, especially where […]
March 5, 2020

What Is Meant By “Connected Persons”?

On 28 January 2020, SARS released interpretation note 67 providing guidance on the term “connected persons” in section 1(1) of the Income Tax Act. The interpretation […]
March 5, 2020

Make the Most of a Helping Hand

Becoming an entrepreneur is not as easy as waking up with an idea and having money thrown at you to turn it into a reality. Most […]
March 5, 2020

Deemed Disposals and Tax Residency

Section 9H of the Income Tax Act deals with matters relating to the cessation of residency in South Africa. This section essentially states that where a […]
March 5, 2020

Section 7C – a practical explanation

What is section 7C? This section of the Income Tax Act is an anti-avoidance measure aimed at transactions between connected persons and trusts, where a trust […]
February 27, 2020

Cipc compliance checklist

Please take note of Notice 52 of 2019 which was issued by the Companies and Intellectual Property Registration Office (CIPC), which now requires companies to complete […]
January 8, 2020

Old McDonald Had A Farm and Got Taxed

Farming in South Africa is like second nature to most South Africans, but the tax implications on farming operations seem to raise some questions when determining a […]
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