Category: Paragraph 57A (Eighth Schedule) – Disposal of micro business assets

Paragraph 57A

 

  1. Subparagraph (a) substituted by section 140 of Act 31 of 2013 effective on 1 March 2011.

 

  1. Paragraph 57A inserted by section 80 of Act 60 of 2008 effective on 1 March 2009.

Paragraph 57A (Eighth Schedule) – Disposal of micro business assets

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57A.    Disposal of micro business assets

A registered micro business as defined in terms of the Sixth Schedule must disregard any capital gain or capital loss in respect of the disposal by that business of any asset used mainly for business purposes.

 [Paragraph 57A inserted by section 80 of Act 60 of 2008, amended by section 140 of Act 31 of 2013, substituted by section 116 of Act 25 of 2015 effective on 8 January 2016]