63B.    Small business funding entities

(1)       A small business funding entity approved by the Commissioner in terms of section 30C must disregard any capital gain or capital loss determined in respect of the disposal of an asset if-

(a)     that small business funding entity did not use that asset in carrying on any business undertaking or trading activity; or

(b)     substantially the whole of the use of that asset by that small business funding entity was directed at-

(i)      a purpose other than carrying on a business undertaking or trading activity; or

(ii)     carrying on a business undertaking or trading activity contemplated in section 10(1)(cQ)(ii)(aa), (bb) or (cc).

[Paragraph 63B inserted by section 90 of Act 43 of 2014 effective on 1 March 2015]