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News & Press: SARS News & Tax Administration

BPR 139 - Disposal of assets by a recreational club

28 June 2013   (0 Comments)
Posted by: Author: SARS Legal and Policy
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Author: SARS Legal and Policy

SARS has released Binding Private ruling 139 on the disposal of assets by a recreational club. This ruling deals with the capital gains tax consequences and the roll over relief provided for under paragraph 65B of the Eighth Schedule in respect of the disposal of some of the assets held by a recreational club and the utilisation of the total proceeds to acquire replacement assets.

To view the Private ruling please click here:


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