Revenue Laws Amendment Act 95 of 1978

The Revenue Laws Amendment Act 95 of 1978 intends:

• to amend the Marketable SecuritiesTax Act, 1948 [repealed in 2003], so as to provide for a further exemption from marketable securities tax;
• to amend the Transfer Duty Act, 1949, so as to provide for further exemptions from transfer duty;
• to amend the Estate Duty Act, 1955, so as to increase the amounts that may be deducted from the net value of an estate In the determination of the dutiable amount of the estate;
• to amend the Stamp Duties Act, 1968, so as:
  • to extend the instruments in respect of which duty shall not be chargeable;
  • to permit an authorized revenue officer or a banker to deface adhesive revenue stamps on certain instruments at any time before the expiry of the period allowed for stamping;
  • to abolish the stamp duty payable in respect of certain leases of movable property;
  • to provide for a further exemption from the payment of stamp duty in respect of the issue and registration of transfer of certain marketable securities; and
  • to provide for an exemption from stamp duty relating to a sale of marketable securities in certain circumstances; and
• to provide for incidental matter.

Commencement

23 June 1978