Page 55 - SAIT Compendium 2016 Volume2

Municipalities INCOME TAX ACT: REGULATIONS ANd NOTICES Municipalities
URBAN DEVELOPMENT ZONE INCENTIVE REPORT (Section 13quat(9))
For the year up to June
20XX
URBAN DEVELOPMENT ZONE INCENTIVE REPORT (Section 13quat(9))
Municipality:
Name of municipality
PROJECT INFOR- MATION
1 Taxpayer name
2 Costs incurred by the taxpayer to:
3 The extent of use of the qualifying building for:
Erect a new building
Acquire a new building from a developer
Improve or extend an existing building
Acquire a building which was improved or extended by a developer
Commercial purposes
Low costs housing purposes
Other residential housing purposes
Industrial usage
Total %
Examples: XYZ Ltd
500 00 000
500 00
10%
90%
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-
100%
-
1 200 000
-
1 000 000
100%
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100%
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Total Value
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Total Count
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Building plans passed for new buildings and improvements/extensions: approved in the municipalityand in the UDZ during the period
Number and value of approved building plans
IN UDZ
In the municipality
New buildings
Improvements
New buildings
Improvements
Number
Value
Number
Value
Number
Value
Number
Value
Example
2
R1,5 million
5
R300,0 million
5 000
R250,0 million
1 000
R100,0 million
Measures that have been implemented by the municipality to support the regeneration of that area:
Appropriation of funds
Other non-monetary measures to stimulate UDZ’s regeneration
Capital
Recurrent
Measures
Value
Example
Expedite building plan approval; Set up dedicated UDZ of ce
R1,0 million
pavements
R2,0 million
SAIT CompendIum oF TAx LegISLATIon VoLume 2 47