Page 700 - SAIT Compendium 2016 Volume2

BP RULING DATE NAME/SUBJECT SECTION OF INCOME TAX NO ACT
152 13 August 2013 Capital Gains Tax: Cancellation and extinguishment of a Paragraphs 3, 11 (1) (b), 35 (1) right to interest and 38 of the Eighth Schedule
153 30 August 2013 Residency status of a non-resident who applies for a Section 1 (1) de nition of temporary residence permit ‘resident’
154 3 September Corporate rules: Acquisition of a debtors book Sections 11 (j) and 45 2013
155 6 September Incentive for oil and gas production 2013
Paragraph 1, de nition of ‘production’, ‘oil and gas right’ and ‘oil and gas income’ and para. 5 (2) (b) of the Tenth Schedule
156 3 October 2013 Pension bene ts accruing to a non-resident from a Section 1 (1), de nition of ‘gross resident pension fund income’ para. (a) and (e)
157 18 November Receipt of foreign assets and the subsequent donation Sections 25B, 10B (2) (a), 56 (1) 2013 thereof to a non-resident trust (g) and 7 (8), and paras. 20 (1)
(h) (vi) and 80 (3) of the Eighth Schedule
158 13 January 2014 Transport services provided by an employer to Paragraph 10 (2) (b) of the employees Seventh Schedule
159 16 January 2014 Asset-for-share and amalgamation transactions Sections 1 (1), de nition of ‘trading stock’, 41 (1), 42 and
44 (1)
160 22 January 2014 Incentive payments Section 11(a)
161 5 February 2014 Employee share ownership plan Sections 11 (a), 23 (g), 54 and 58. Paragraphs 2(1) and 11A (4)
of the Fourth Schedule
162 3 March 2014 Sale of oil and gas right Paragraphs 2 of the Eighth Schedule and 1, 7 (1) and (2) of
the Tenth Schedule
163 12 March 2014
Interest on replacement loans and proceeds arising from a share repurchase
Sections 1(1) de nition of ‘dividend’ and ‘contributed tax capital’, 10 (1) (k) (i), 22B, 24J(2) and 64F (1) (a) and Paragraphs 35 and 43A of the Eighth Schedule
164 12 March 2014 Buyback of shares at a purchase price in excess of their Sections 55 (1), de nition of market value ‘donation’ and 58 (1), and
Paragraph 38 of the Eighth schedule
165 18 March 2014 Letting of accommodation where the provision of meals Sections 1 (1), de nition of is outsourced ‘hotel keeper’ and 13bis
166 1 April 2014 Change of place of incorporation (domicile) of a Paragraphs 1 de nition of controlled foreign company ‘disposal’ and 11 of the
Eighth schedule
167 2 April 2014 Debentures tracking the value of a reference asset Sections 1 (1), de nition of ‘gross income’ and Paragraph (a)
of the de nition of ‘trading stock’, 11 (a) read with 23 (g) and 22 (1) (a)
168 17 April 2014 Corporate rule: Disposal of assets within 18 months of Sections 42 (7) and 45 (2) and acquisition (3).
170 30 May 2014 De nition of unrestricted equity instrument Section 8C (7)
171 9 June 2014 Amalgamation Transaction Section 44 and paragraph 11 of the Eighth Schedule
172 25 June 2014 Plant used in the production of renewable energy Section 12B
173 2 July 2014 Repayment of shareholder loan from proceeds of a new Section 19 and paragraph 12A of issue of ordinary shares the Eighth Schedule
174 29 July 2014 Receipts of an incentive trust and vesting of shares in Section 1 (1), de nition of ‘gross qualifying employees income’ and Paragraph 11 (1)
(d) read with paragraphs 20 (1) (h) (i) and 80 (1) of the Eighth Schedule