Category: Section 54 (ITA) – Levy of donations tax

Section 54

 

Section 54 amended by section 37 of Act 85 of 1974 and section 20 of Act 103 of 1976 and substituted by section 24 of Act 90 of 1988 and section 40 of Act 59 of 2000.

Section 54 (ITA) – Levy of donations tax

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54.    Levy of donations tax

 

Subject to the provisions of section 56, there shall be paid for the benefit of the National Revenue Fund a tax (in this Act referred to as donations tax) on the value of any property disposed of (whether directly or indirectly and whether in trust or not) under any donation by any resident (in this Part referred to as the donor).