Page 2 - P6 Slide Taxation - Lecture Day 6 - Groups, Interest And Practice Questions
P. 2

Introduction









          • SA tax legislation does not allow for group


               taxation. However, the South African Income Tax



               legislation does allow for certain corporate re-


               organizations to be done on a tax neutral basis.




          • These tax neutral provisions are known as


               corporate rules.




          • Corporate rules allow founding shareholders


               and/or group companies to restructure active



               businesses on a tax neutral basis.




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