Page 435 - SAIT Compendium 2016 Volume1

List of de nitions INCOME TAX ACT 58 OF 1962 List of de nitions
insurer
intangible asset
local currency
net capital gain personal-use asset pre-valuation date asset primary residence proceeds
recognised exchange recreational club reduction amount residence
ruling price
selling expenses
share
share block company small business
special trust transitional period valuation date
value shifting arrangement
Ninth Schedule:
adult basic education and training further education and training higher education
higher education institution private college
public college school
Tenth Schedule:
exploration
gas
oil
oil and gas company oil and gas income oil and gas right post-exploration
SAIT CompendIum oF TAx LegISLATIon VoLume 1 427
INCOME TAX ACT – DEFINITIONS