Legal Counsel – Legal Advisory – Published Binding Rulings – Binding Private Rulings – BPR 361-380

19 March 2021 – Income Tax Act, 1962, Securities Transfer Tax Act, 2007, Transfer Duty Act 40, 1949, and Value-Added Tax Act, 1991

• Binding Private Ruling (BPR) 361 – Asset-for-share transaction followed by an unbundling transaction, the issue of capitalisation redeemable preference shares and the sale of shares to a third party