Page 20 - P6 Slide Taxation - Lecture Day 6 - Groups, Interest And Practice Questions

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• Firstly consider whether an asset-for-share

transaction does not qualify for the relief

offered in terms of section 42.

• If the requirements of section 42 are not met

(or the taxpayers choose not to apply the

relief afforded under section 42), then the

provisions of section 40CA will apply.

• If the transaction is not arm’s length, the

provisions of section 24BA will also apply.

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