Page 226 - Juta's Indirect Tax

s 20B TRANSFER DUTY ACT 40 OF 1949 Schedule
Act, and whenever in proceedings relating thereto it is proved that the relevant transaction, operation, scheme or understanding results or would result in a tax bene t, it shall be presumed, until the contrary is proved, that such transaction, operation, scheme or understanding was entered into or carried out solely or mainly for the purpose of obtaining a tax bene t.
[Sub-s. (3) substituted by s. 1 of Act 39 of 2013 – date of commencement: 16 January 2014.]
[S. 20B inserted by s. 9 (1) of Act 45 of 2003.]
20C and 20D . . .
[Ss. 20C and 20D inserted by s. 6 (1) of Act 34 of 2004
and repealed by s. 271 of Act 28 of 2011.]
21 Repeal of laws
The laws speci ed in the Schedule are hereby repealed to the extent set out in the fourth column of the said Schedule: Provided that any duty which has at the date of commencement of this Act become payable under any law so repealed, but which has not at that
date been paid, shall be recovered in accordance with and subject to the provisions of the said law: Provided further that if any such duty was not paid before the twentieth day of March, 1963, any interest payable in respect of such duty under any such law for the period from that date to the date of payment of the duty, shall be calculated at the rate of seven and a half per centum per annum in respect of each completed month in that period.
[S. 21 amended by s. 4 of Act 70 of 1963 and by s. 3 of Act 72 of 1970.]
21A . . .
[S. 21A inserted by s. 9 of Act 103 of 1969 and repealed
by s. 6 of Act 87 of 1988.]
22 Short title and date of commencement
This Act shall be called the Transfer Duty Act, 1949, and shall come into operation on the rst day of January, 1950.
Province or Union
Number and Date of Law
Title or Subject of Law
Extent of Repeal
Cape of Good Hope Cape of Good Hope
Cape of Good Hope Cape of Good Hope
Transvaal
Transvaal Natal
Natal
Natal Natal
Natal
Ordinance 6 of 1844 Act 5 of 1884
Act 46 of 1902 Ordinance 5 of 1921
Proclamation 8 of 1902
Ordinance 14 of 1905
Law 5 of 1860 Law 20 of 1865
Law 19 of 1883 Law 19 of 1884
Law 5 of 1890
Schedule
REPEAL OF LAWS
Ordinance for Regulating Sales
Transfer Duty Consolidation and Amendment Act, 1884
The Higher Educational Institutions Transfer Duty Exemption Act, 1902
Consolidated Education Ordinance, 1921
Transfer Duty Proclamation, 1902
Ordinance to amend the Transfer Duty Proclamation, 1902
To amend the Law for regulating the payment of Transfer Duty on the sale or transfer of Immovable Property
To exempt growing crops and Machinery from the payment of Transfer Duty on being sold along with the Lands on which they are growing or to which they are attached
To amend Law 5 of 1860
To amend in certain respects the Law and Practice in reference to Registration
To amend in certain respects Law 5 of 1860 and Law 19 of 1883
So much as is unrepealed
The whole, except sections
twenty-four, twenty- ve, twenty-eight and thirty
So much as relates to transfer duty
So much of sections three hundred and eighteen and three hundred and twenty as relates to transfer duty
The whole, except sections twenty-two, twenty-three, twenty-six, twenty-eight, and thirty
The whole The whole
The whole
The whole
So much as is unrepealed
The whole
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Juta’s IndIrect tax 2016