Page 168 - SAIT Compendium 2016 Volume2

NUMBER DATE NAME/SUBJECT SECTION OF INCOME TAX PAGE ACT
25 (Issue 3) 12 March Resident: de nition in relation to a natural Section 1 – de nition of ‘resident’ 368 2014 person – application of the physical presence
test in the year of death or insolvency
26 30 March The taxation of CCMA and Labour 2004 Court Awards to employees and former
employees
Section 1 de nition of ‘gross 372 income’, para. (c), para. (d) and
para. (f), s. 10 (1) (x) and s. 7A (4A)
27 4 February Personal liability of employers, Fourth Schedule 378 2005 representative employers, shareholders
and directors for outstanding employees’ tax
28 (Issue 2) 15 March Deductions of home of ce expenses Sections 11 (a), 23 (b) and 23 (m) 382 2011 incurred by persons in employment or
persons holding an of ce
29 (Issue 2) 19 February Farming operations: equalised rates of tax Section 5 (10) and para. 19 of First 386 2013 Schedule
32 27 June 2005 Public bene t organisations (PBOs): 30(3)(b)(ii)(cc)* Prudent investments
33 (Issue 4) 22 July 2014 Assessed losses: companies: the trade and Section 20 (1) (a) 395 income from trade requirements
34 12 January Exemption from Income Tax:
2006 remuneration derived by a person as an
of cer or crew member of a ship
Section 10 (1) (o) (i) de nition 402 of ‘remuneration’ and para. 1 of
Fourth Schedule
35 (Issue 3) 31 March Employees’ tax: personal service Section 23 (k) and paras. 1, 2 (1A) 405 2010 providers and labour brokers and 2 (5) of Fourth Schedule
43 (Issue 5) 17 February Circumstances in which certain amounts Section 9C 413 2014 received or accrued from the disposal of
shares are deemed to be of a capital nature
44 (Issue 2) 4 February Public bene t organisations (PBOs): Paragraph 63A of Eighth Schedule 430 2014 Capital Gains Tax (CGT)
45 (Issue 2) 10 December Deduction of security expenditure Sections 11 (a) and (e), 18A, 22 436 2014 (8), 23 (b) and (g), 24D and paras.
20 and 53 of Eighth Schedule and
Part II of Ninth Schedule
46 (Issue 4) 6 November Income Tax: amalgamation of amateur – 2012 and professional sporting bodies
(Withdrawn as period within which amalgamation transactions had to be concluded, has lapsed.)
47 (Issue 3) 2 November Wear-and-tear or depreciation allowance Section 11 (e) 440 2012
48 (Issue 2) 19 December Instalment credit agreements and debtors’ Section 24 453 2014 allowance
50 28 August Deduction for scienti c or technological Section 11D 460 2009 research and development
51 (Issue 3) 22 July 2014 Pre-trade expenditure and losses Section 11A 476
53 (Issue 2) 9 October Limitation of allowances granted to Section 23A 485 2015 lessors of affected assets
54 26 February Deductions – corrupt activities, nes and Section 23 (o) (i) and (ii) 494 2010 penalties
55 (Issue 2) 30 March Taxation of directors and employees on Section 8C and 10 (1) (nD), para. 499 2011 vesting of equity instruments 11A of Fourth Schedule and para. 2
(a) of Seventh Schedule
*Note withdrawn wef 1 April 2007. This section of the Act has been deleted by s 24 (d) of the Revenue Laws Amendment Act 20 of 2006.