Capital gains tax in South Africa : lessons from Australia?
Data(s) |
01/01/2004
|
---|---|
Resumo |
In the budget review of23 February 2000, the South African Minister of Finance announced that a capital gains tax ('CGT') would be introduced into South Africa, the anticipated start date at that point being 1 April 2001. Pursuant to Taxation Laws Amendment Act 5 of 2001, a CGT of general operation was introduced into the South African Income Tax Act 58 of 1962 (the 'ITA 1962') through the insertion of the Eighth Schedule<sup>1</sup>, read together with s 26A of the Act. Section 26A is the charging provision that states that a person's taxable income included their 'taxable capital gain'. As discussed below, the start date was revised to 1 October 2001.<br /> |
Identificador | |
Idioma(s) |
eng |
Publicador |
Juta Law, Faculty of Law, University of South Africa |
Relação |
http://dro.deakin.edu.au/eserv/DU:30002704/cassidy-capitalgains-2004.pdf http://dro.deakin.edu.au/eserv/DU:30002704/n20041117.pdf http://heinonline.org/HOL/Page?collection=journals&handle=hein.journals/safrmerlj16&id=172 |
Tipo |
Journal Article |