Since the release of Issue 4 of the Comprehensive Guide to CGT on 22 December 2011. SARS has issued another issue, there have been three Taxation Laws Amendment Acts (Acts 24 of 2011, 22 of 2012 and 31 of 2013), as well as the promulgation of the Tax Administration Act, 2011 and changes to the inclusion rates and exclusion thresholds. These amendments are incorporated in this draft version together with updated references to case law and many other changes to the commentary
The SAIT will be making submissions to SARS on this matter. Kindly submit comments to email@example.com by no later than 26 May 2015.
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.