Legal Counsel – Secondary Legislation – Income Tax Notices 2026

2 June 2026 – Income Tax Act, 1962

• Notice in terms of paragraph (c) of the definition of “living annuity” in section 1(1)

Withdrawal of all notices issued in terms of paragraph (c) of the definition of “living annuity” in section 1(1) of the Income Tax Act, 1962 (Act No. 58 of 1962) and prescribing that the amount referred to in that paragraph is R150 000.