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Corporate Tax

22 March 2019
Heinrich Louw Anomalies arising from value-shifting rules

South Africa - Cliffe Dekker Hofmeyr

The Taxation Laws Amendment Act introduced a new section into the Income Tax Act which deals with value mismatches involving the transfer of assets in exchange for the issue of shares. Essentially, the section applies where the value of the asset given in consideration for the shares issued is different from what it would have been had the transaction been between independent persons acting at arm's length.

Author: Heinrich Louw
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