Page 451 - SAIT Compendium 2016 Volume1

Table listing de nitions INCOME TAX ACT 58 OF 1962 Table listing de nitions
Income Tax Act
Value-Added Tax Act
Tax Administration Act
judge (s 74) – repealed
judge (ss 57, 57A, 57B, 57C, 57D & 58) – repealed
judge (s 1)
junior mining company (s 12J)
Kyoto Protocol (s 12K)
labour broker (4th Sch para 1)
learner (s 12H)
leave pay (s 23E)
leave pay provision (s 23E)
lending arrangement (s 24J)
lending institution (s 23M)
licensed customs and excise storage warehouse (s 1) – to be deleted
limited partner (s 24H)
linked unit (s 1)
liquidating company (s 47)
liquidation distribution (s 47)
listed company (ss 1 & 41)
listed debt (s 50A)
listed share (s 1)
living annuity (s 1)
loan (7th Sch para 1)
local authority (s 40B) – repealed
local currency (ss 9D & 24I; 8th Sch para 43)
long service (7th Sch para 5)
Long-term Insurance Act (s 1) (s 29A – deleted)
long-term insurance policy (s 2)
low-cost residential unit (s 1)
lump sum bene t (s 1) 2nd Sch para 1)
magistrate (s 1)
maintenance plan (7th Sch para 7)
manufacturing asset (s 12I)
market value (ss 8B, 8C, 9H, 24I, 29A, 29B, 41 & 46)
marketable security (s 8A)
market-related interest (s 64E)
Medical Schemes Act (s 1)
member (s 30; 7th Sch para 12D)
mental illness (s 1)
merchant’s discount (s 2)
micro business (6th Sch para 1)
SAIT CompendIum oF TAx LegISLATIon VoLume 1 443
INCOME TAX ACT – DEFINITIONS