Page 431 - SAIT Compendium 2016 Volume1

List of de nitions INCOME TAX ACT 58 OF 1962 List of de nitions
Section 12D:
affected asset natural oil
Section 12E:
investment income personal service
small business corporation
Section 12F:
airport asset designated airport port asset
Section 12H:
associated institution
employer
learner
registered learnership agreement SETA
Skills Development Act, 1998
Section 12I:
adjudication committee brown eld project compliance period
cost of training
date of approval green eld project industrial project manufacturing asset
Section 12J:
impermissible trade junior mining company qualifying company qualifying share
venture capital company venture capital share
Section 12K:
certi ed emission reduction
Clean Development Mechanism project Designated National Authority
Kyoto Protocol
Modalities
qualifying CDM project
Regulations
Section 12M:
dependant insurer
Section 12O:
completion date
exploitation rights
lm
National Film and Video Foundation special purpose corporate vehicle
Section 12P:
allowance asset base cost government grant
Section 12Q:
international shipping
international shipping company international shipping income South African ship
Section 13:
improvements shipbuilding structure
Section 13ter: housing project residential unit
Section 13quat:
cost
developer
purchase price
urban development zone
Section 19:
allowance asset capital asset
debt
reduction amount
Section 20:
assessed loss
Section 20A:
assessed loss relative
Section 20C:
nancial assistance royalty
Section 22B:
exempt dividend
Section 23A:
affected asset operating lease rental income
Section 23G:
asset
sale and leaseback arrangement
Section 23I:
end user
intellectual property
tainted intellectual property taxable person
Section 23K:
acquiring company acquisition transaction interest
reorganisation transaction
Section 23L:
investment policy policy
policy bene ts premium
Section 23M:
adjusted taxable income
SAIT CompendIum oF TAx LegISLATIon VoLume 1 423
INCOME TAX ACT – DEFINITIONS