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BPR 208: Repayment of shareholder’s loan from proceeds of a new share issue

12 October 2015   (0 Comments)
Posted by: Author: SARS
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Author: SARS

This ruling determines the income tax consequences of a repayment of a shareholder’s loan from the proceeds of a new share issue by a company. 

Please click here to view ruling (8 October 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.

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