Revenue Laws Amendment Act 56 of 1966

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56 of 1966

The Revenue Laws Amendment Act 56 of 1966 intends:

  • to amend section 2 of the Transfer Duty Act, 1949, in order to withdraw the rebate on transfer duty except where that duty is in certain circumstances payable by natural persons; 
  • to amend section 5 of the Estate Duty Act, 1955, in order to change the basis of valuation of certain annuities;
  • to amend section 11 of that Act in order to provide for the recovery of estate duty leviable in respect of certain property; 
  • to amend section 4 of the Diamond Export Duty Act, 1957 [repealed in October 1986], in order to increase the rate of the diamond export duty; and
  • to provide for matters incidental thereto.

Commencement

28 October 1966

Amendments

Amended by Diamonds Act 56 of 1986

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