“taxable capital gain” means an amount determined in terms of paragraph 10 of the Eighth Schedule;
Category: Definitions – ITA
“Taxable income” definition of section 1 of ITA
“taxable income” means the aggregate of –
(a) the amount remaining after deducting from the income of any person all the amounts allowed under Part I of Chapter II to be deducted from or set off against such income; and
(b) all amounts to be included or deemed to be included in the taxable income of any person in terms of this Act;
“Taxable person” definition of section 23I of ITA
“taxable person” means any person other than-
(a) a person that is not a resident;
(b) the government of the Republic in the national, provincial or local sphere contemplated in section 10(1)(a);
(c) an institution, board or body contemplated in section 10(1)(cA);
(d) any public benefit organisation as defined in section 30 that has been approved by the Commissioner in terms of that section;
(e) any recreational club as defined in section 30A that has been approved by the Commissioner in terms of that section;
(f) any company or trust contemplated in section 37A;
(g) any fund contemplated in section 10(1)(d)(i) or (ii); or
(h) any person contemplated in section 10(1)(t).
“Taxable turnover” definition of Sixth Schedule
‘taxable turnover’ means the amount determined in terms of paragraph 5 of this Schedule.
“Taxpayer” definition of section 1 of ITA
“taxpayer” means any person chargeable with any tax leviable under this Act;
“Term” definition of section 24J of ITA
‘term’, in relation to an instrument, means the period commencing on the date of issue or transfer of that instrument and ending on the date of redemption of that instrument;
“Third-party backed share” definition of section 8EA of ITA
“third-party backed share” means any preference share or equity instrument in respect of which an enforcement right is exercisable by the holder of that preference share or equity instrument as a result of any amount of any specified dividend, foreign dividend, return of capital or foreign return of capital attributable to that share or equity instrument not being received by or accruing to any person entitled thereto;
[Definition of “third-party backed share” amended by section 11(1)(c) of Act 31 of 2013 and substituted by section 15(1)(f) of Act 15 of 2016 and by section 9(b) of Act 34 of 2019]
“This Act” definition of section 1 of ITA
“this Act” includes the regulations;
“Toll road” definition of section 24G of ITA
“toll road” means a road or section thereof, including any access road, crossroad or ramp constituting a necessary adjunct to such road or section, in respect of which the taxpayer derives or will derive income through the imposition of a toll or the exploitation of the right to impose a toll.
“Tolling period” definition of section 24G of ITA
“tolling period”, in relation to a toll road, means the initial period during which the South African National Roads Agency Limited has granted to the taxpayer or any other person the right to operate such toll road, including any period in respect of which such right was so granted in terms of an interim agreement concluded by the South African National Roads Agency Limited, but excluding any extension of such first-mentioned period in respect of which a right of renewal may be exercised;