Sat, Jun 22, 2024

The official Financial Regulation Journal of SAIFM

The finer details of asset-for-share transactions


Pieter van der Zwan

The Income Tax Act allows for roll-over relief in certain circumstances where assets are contributed to a company in exchange for shares in that company. Binding Private Ruling 287 is a good illustration that the provisions of this roll-over relief measure requires detailed consideration before it can be concluded that it applies to a transaction.

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