“Financial Sector Regulation Act” means the Financial Sector Regulation Act, 2017 (Act No. 9 of 2017);
[Definition of “Financial Sector Regulation Act” inserted by section 1 of Act 23 of 2018 effective on 1 April 2018]
Category: Definitions – ITA
“Financial Sector Conduct Authority” definition of section 1 of ITA
“Financial Sector Conduct Authority” means the Financial Sector Conduct Authority as defined in section 1 of the Financial Sector Regulation Act;
[Definition of “Financial Sector Conduct Authority” inserted by section 1 of Act 23 of 2018 effective on 1 April 2018]
“Market value” definition of section 19 of ITA
‘market value’, in relation to shares acquired or held by reason or as a result of implementing a concession or compromise in respect of a debt, means the market value of those shares immediately after the implementation of that concession or compromise.
[Definition of “market value” inserted by section 36 of Act 23 of 2018 effective on 1 January 2018, applies in respect of years of assessment commencing on or after that date]
“Deferral transaction” definition of section 22B of ITA
‘deferral transaction’ means a transaction in respect of which the provisions of PART III of this Chapter were applied;
[Definition of ‘deferral transaction’ inserted by section 38 of Act 23 of 2018 effective on 1 January 2019 and applies in respect of disposals on or after that date]
“Preference share” definition of section 22B of ITA
“preference share” means a preference share as defined in section 8EA(1); and
[Definition of “preference share” inserted by section 38(1)(c) of Act 23 of 2018 and amended by section 25(1)(b) of Act 34 of 2019]
“Market value” definition of paragraph 1 of Eighth Schedule
“market value” means market value as contemplated in paragraph 31;
[Definition of “market value” inserted by section 73(b) of Act 23 of 2018 and substituted and by section 53 of Act 34 of 2019]
“Market value” definition of paragraph 12A of Eighth Schedule
‘market value’, in relation to shares acquired or held by reason or as a result of implementing a concession or compromise in respect of a debt, means the market value of those shares immediately after the implementation of that concession or compromise.
[Definition of ‘market value’ inserted by section 77 of Act 23 of 2018 effective on 1 January 2018, applies in respect of years of assessment commencing on or after that date]
“Deferral transaction” definition of paragraph 43A of Eighth Schedule
‘deferral transaction’ means a transaction in respect of which the provisions of PART III of Chapter II were applied;
[Definition of “deferral transaction” inserted by section 80 of Act 23 of 2018 effective on 1 January 2019, applies in respect of disposals on or after that date]
“Preference share” definition of section 43A of Eighth Schedule
‘preference share’ means a preference share as defined in section 8EA(1); and
[Definition of ‘preference share’ inserted by section 80 of Act 23 of 2018 effective on 19 July 2017, applies in respect of disposals on or after that date]
“Branch policy” definition of section 28 of ITA
(1) For the purposes of this section-
“branch policy” means a policy contemplated in paragraph (c) of the definition of “shortterm policy” that is also a longterm policy as defined in section 1 of the Longterm Insurance Act;
[Definition of “branch policy” inserted by section 33(1)(a) of Act 34 of 2019]