Transcription of INTERPRETATION NOTE: NO. 44 (Issue 2) - SARS …
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INTERPRETATION NOTE 44 ( issue 3) DATE: 21 February 2020 ACT : INCOME TAX ACT 58 OF 1962 SECTION : PARAGRAPH 63A OF THE EIGHTH SCHEDULE SUBJECT : PUBLIC BENEFIT ORGANISATIONS: CAPITAL GAINS TAX CONTENTS PAGE Preamble .. 2 1. Purpose .. 2 2. Background .. 2 3. The law .. 3 4. Meaning of substantially the whole .. 3 5. Application of the law .. 3 valuation date .. 3 Base cost .. 4 Market value .. 4 Time-apportionment base cost .. 6 Twenty per cent of proceeds method .. 6 Exclusions .. 7 Category 1: Non-trading assets.
Description. Market value on valuation date (a) Financial instrument listed on a recognised exchange for which a price was quoted on that exchange
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Valuation Guide for Salvation Army Donations, GUIDE, VALUATION GUIDE, Goodwill Industries, Audit Committees of Small, Audit Committees of Small Nonprofit Organizations, Accounting for Contributions, Pledges, Grants, Accounting for Contributions, Pledges, Grants and Donations, Of Education Meeting Regular, Of Education Meeting Regular Agenda Black, Company expenses