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BPR 168 - Corporate rule: Disposal of assets within 18 months of acquisition

22 April 2014   (0 Comments)
Posted by: Author: SARS
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Author: SARS

A Binding Private Ruling (BPR) is issued in response to an application and clarifies how the Commissioner would interpret and apply the provisions of the tax laws relating to a specific proposed transaction.
This ruling deals with the effect of section 42(7) on the disposal of assets in terms of an "intra-group transaction” as defined in section 45(1) when the disposal will take place within 18 months of the assets having been acquired in terms of an "asset-for-share transaction” as defined in section 42(1). 

To view this ruling please click here.



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