Revenue Laws Amendment Act 102 of 1979

The Revenue Laws Amendment Act 102 of 1979 intends:

• to amend the Marketable Securities Tax Act, 1948 [repealed in December 2003]], so as to reduce the rate of tax payable in respect of the purchase of marketable securities;
• to amend the provisions of the Transfer Duty Act, 1949, relating to the calculation of transfer duty in respect of certain conversions of rights of occupancy into rights of ownership;
• to amend the Estate Duty Act, 1955, so as
  • to provide for an exemption from estate duty in respect of certain annuities;
  • to increase certain amounts that may be deducted from the total value of all property included in an estate in the determination of the net value of the estate; and 
  • 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• to amend the Stamp Duties Act, 1968 [repealed in October 2009], so as
  • to reduce the rate of duty payable in respect of certain instruments; and
  • to effect certain textual amendments;
• to limit liability for certain succession and estate duties; and 
• to provide for incidental matters.

Commencement

13 July 1979