Sat, Jun 22, 2024

The official Financial Regulation Journal of SAIFM

Special Edition Budget Speech Alert 2019

Emil Brincker, Mark Linington, Jerome Brink, Gerhard Badenhorst, Gigi Nyanin, Petr Erasmus, Varusha Moodaley, Dries Hoek, Louis Botha, Heinrich Louw, Jessica Carr, Ben Strauss and Mareli Treurnicht


National Treasury amended legislation governing share buy-backs and dividend stripping in 2017 and again in 2018. The specific anti-avoidance provisions can be found in s22B of the Income Tax Act, No 58 of 1962 (IT Act), which takes aim at shares held as trading stock, and paragraph 43A to the Eight Schedule to the IT Act, which applies if the shares are held on capital account.

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