Print Page   |   Report Abuse
News & Press: SARS News & Tax Administration

Tax consequences for unitholders in a REIT of an amalgamation transaction

10 February 2016   (0 Comments)
Posted by: Author: SARS
Share |

Author: SARS

Tax consequences for unitholders in a REIT of an amalgamation transaction, followed by an asset-for-share transaction

This ruling determines the income tax and securities transfer tax consequences for the unitholders in a listed REIT of an amalgamation of the REIT, followed by an asset-for-share transaction.

Please click here to view BCR 050.


WHY REGISTER WITH SAIT?

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.

MINIMUM REQUIREMENTS TO REGISTER

The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.

Membership Management Software Powered by YourMembership.com®  ::  Legal