SARS issued Binding Private Ruling BPR No. 144 on 7 May 2013.
ruling deals with the write-off period to be allowed in respect of the
increase in either the cost or the value of assets initially acquired
under section 45, as a result of a de-grouping of companies as
contemplated in section 45(4).
Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.