“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]

“asset” includes-

(a)     property of whatever nature, whether movable or immovable, corporeal or incorporeal, excluding any currency, but including any coin made mainly from gold or platinum; and

(b)     a right or interest of whatever nature to or in such property;

“base cost” means the amount to be determined in terms of Part V;

“boat” means any vessel used or capable of being used in, under or on the sea or internal waters, whether-

(a)     self-propelled or not; or

(b)     equipped with an inboard or outboard motor;

“capital gain” means the amount to be determined in terms of paragraph 3;

“capital loss” means the amount to be determined in terms of paragraph 4;

‘disposal’ means an event, act, forbearance or operation of law envisaged in paragraph 11 or an event, act, forbearance or operation of law which is in terms of this Act treated as the disposal of an asset, and ‘dispose’ must be construed accordingly;

[Definition of “disposal’ substituted by section 73 of Act 23 of 2018 effective on 17 January 2019]

“recognised exchange” means-

(a)     an exchange licensed under the Financial Markets Act; or

[Paragraph (a) substituted by section 51 of Act 32 of 2004, amended by section 63 of Act 31 of 2005 and substituted by section 78 of Act 43 of 2014 effective on 3 June 2013]

(b)     ……….

(c)     an exchange in a country other than the Republic which is similar to an exchange contemplated in paragraph (a) and which has been recognised by the Minister for purposes of this Schedule by notice in the Gazette;