This guide provides general guidance on valuations. It does not go into the precise technical
and legal detail that is often associated with tax, and should not, therefore, be used as a
legal reference. It is not an "official publication” as defined in section 1 of the Tax
Administration Act 28 of 2011 and accordingly does not create a practice generally
prevailing under section 5 of that Act. It is also not a binding general ruling under section 89
of Chapter 7 of the Tax Administration Act. Should an advance tax ruling be required, visit
the SARS website for details of the application procedure.
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.