Page 15 - SAIT Compendium 2016 Volume1

INCOME TAX ACT 58 OF 1962
12N Deductions in respect of improvements not owned by taxpayer
[S. 12N inserted by s. 29 (1) of Act 7 of 2010.]
12NA Deductions in respect of improvements on property in respect of which government holds a right of use or occupation
[S. 12NA inserted by s. 25 (1) of Act 43 of 2014.]
12O Exemption in respect of lms
[S. 12O inserted by s. 39 (1) of Act 24 of 2011.]
12P Exemption of amounts received or accrued in respect of government grants
[S. 12P inserted by s. 33 (1) of Act 22 of 2012.]
12Q Exemption of income in respect of ships used in international shipping
[S. 12Q inserted by s. 41 (1) of Act 31 of 2013.]
[S. 12R inserted by s. 43 (1) of Act 31 of 2013 – Pendlex.]
12R Special economic zones
12S Deduction in respect of buildings in special economic zones
[S. 12S inserted by s. 44 (1) of Act 31 of 2013 – Pendlex.] 12T Exemption of amounts received or accrued in respect of tax free investments
[S. 12T inserted by s. 28 (1) of Act 43 of 2014.]
13 Deductions in respect of buildings used in a process of manufacture
[S. 13 amended by s. 30 of Act 60 of 2001.]
13bis Deductions in respect of buildings used by hotel keepers
[S. 13bis inserted by s. 15 (1) of Act 88 of 1965.]
13ter Deductions in respect of residential buildings
[S. 13ter inserted by s. 13 (1) of Act 91 of 1982.]
13quat Deductions in respect of erection or improvement of buildings in urban development zones [S. 13quat inserted by s. 33 of Act 45 of 2003.]
13quin Deduction in respect of commercial buildings
[S. 13quin inserted by s. 28 (1) of Act 35 of 2007.]
13sex Deduction in respect of certain residential units
[S. 13sex inserted by s. 31 (1) of Act 60 of 2008.]
13sept Deduction in respect of sale of low-cost residential units on loan account [S. 13sept inserted by s. 32 (1) of Act 60 of 2008.]
14 . . . 14bis .. .
[S. 14 repealed by s. 49 of Act 31 of 2013.]
[S. 14bis inserted by s. 16 (1) of Act 88 of 1965 and repealed by s. 50 of Act 31 of 2013.]
15 Deductions from income derived from mining operations
15A Amounts to be taken into account in respect of trading stock derived from mining operations
[S. 15A inserted by s. 15 (1) of Act 69 of 1975, repealed by s. 15 of Act 101 of 1990 and inserted by s. 30 (1) of Act 17 of 2009.] 16 . . .
16A . . .
17 . . .
[S. 16 substituted by s. 16 (1) of Act 89 of 1969 and repealed by s. 13 of Act 21 of 1994.]
[S. 16A inserted by s. 10 of Act 70 of 1989 and repealed by s. 32 (1) of Act 30 of 1998.]
[S. 17 substituted by s. 14 of Act 90 of 1962 and by s. 14 (1) of Act 113 of 1977 and repealed by s. 25 of Act 59 of 2000.]
17A Expenditure incurred by a lessor of land let for farming purposes, in respect of soil erosion works
[S. 17A inserted by s. 11 of Act 76 of 1968.]
[S. 18 repealed by s. 15 of Act 88 of 1971, inserted by s. 12 of Act 104 of 1980 and repealed by s. 51 (1) of Act 31 of 2013.]
18A Deduction of donations to certain organisations
[S. 18A inserted by s. 15 of Act 52 of 1970, substituted by s. 16 (1) of Act 96 of 1981 and by s. 24 (1) of Act 30 of 2000 and amended by s. 31 of Act 35 of 2007.]
18 . . .
18B . . .
19 Reduction of debt
[S. 18B inserted by s. 11 (1) of Act 65 of 1986 and repealed by s. 14 of Act 21 of 1994.]
[Heading substituted by s. 53 (1) (a) of Act 31 of 2013.]
[S. 19 repealed by s. 25 (1) of Act 30 of 2000 and inserted by s. 36 (1) of Act 22 of 2012.]
20 Set-off of assessed losses
20A Ring-fencing of assessed losses of certain trades
[S. 20A inserted by s. 19 of Act 89 of 1969, repealed by s. 20 of Act 101 of 1990 and inserted by s. 36 (1) of Act 45 of 2003.]
20B Limitation of losses from disposal of certain assets
[S. 20B inserted by s. 20 (1) of Act 32 of 2004.]
20C Ring-fencing of interest and royalties incurred by headquarter companies
[S. 20C inserted by s. 38 (1) of Act 7 of 2010 and substituted by s. 39 (1) of Act 22 of 2012.]
21 Deduction of alimony, allowance or maintenance
[S. 21 substituted by s. 16 of Act 90 of 1962.]
SAIT CompendIum oF TAx LegISLATIon VoLume 1 7
INCOME TAX ACT