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A Binding Class Ruling (BCR) is issued in response to an application and clarifies how the Commissioner would interpret and apply the provisions of the tax laws relating to a specific proposed transaction.
Applicable Legislation
- Any tax Act administered by SARS as referred to in section 4 of the South African Revenue Service Act, 1997, excluding the Customs and Excise Act, 1964
Also see the Register of all Binding Class Rulings. (The register comprises an overview of all Binding Class Rulings, followed by Binding Class Rulings organised according to tax types.)
| Number | Legislation | Subject |
|---|---|---|
BCR 090 | Income Tax Act, 1962 Securities Transfer Tax Act, 2007 | Award of listed shares under a share incentive scheme |
| Income Tax Act, 1962 | Qualifying purpose and third-party backed shares | |
| Income Tax Act, 1962 | En commandite partners investing in solar assets | |
| Income Tax Act, 1962 | Consequences for shareholders upon termination of a venture capital company | |
| BCR 086 | Income Tax Act, 1962 | Waiver of debt by an employer relating to the unwinding of a share purchase scheme |
| BCR 085 | Income Tax Act, 1962 | En commandite partnerships investing in photovoltaic solar energy plants |
| BCR 084 | Income Tax Act, 1962 | Transfer of funds held in trust to a “beneficiary fund” |
| BCR 083 | Income Tax Act, 1962 | Simultaneous unbundling of shares held in more than one listed company |
| BCR 082 | Income Tax Act, 1962 | Deductibility of mining rehabilitation insurance premiums |
| BCR 081 | Income Tax Act, 1962 | Hybrid equity interest or third-party backed share |
