Files
| Attachment | Size |
|---|---|
| act-92-1971.pdf | 676.78 KB |
92 of 1971
The Revenue Laws Amendment Act 92 of 1971 intends:
- to amend the definition of "stockbroker" in section 1 of the Marketable Securities Tax Act, 1948 [repealed in 2003];
- to amend the provisions of section 12 of the Transfer Duty Act, 1949, relating to the production to a registration officer of proof of payment of transfer duty;
- to amend the Estate Duty Act, 1955, so as to effect textual_changes in sections 1 and 17 of that Act, and to amend
- the provisions of that Act relating to amounts due and recoverable under certain insurance policies,
- the consideration paid or given in respect of shares in a family company,
- the determination of the dutiable amount of an estate,
- the maximum deduction permitted in respect of local registered stock, local bonds and debentures issued by the Land and Agricultural Bank of South Africa,
- the right of an executor to recover estate duty from the person liable therefor; and
- the rates of estate duty;
- to amend the provisions of section 8 of the Diamond Export Duty Act, 1957 [repealed in 1986], relating to the mauner in which a diamond may be removed or exported from the Republic;
- to amend the Licences Act, 1962, so as to effect textual changes in the First Schedule and the Second Schedule thereto;
- to amend the provisions of the Stamp Duties Act, 1968 [repealed in 2008], relating to the stamp duty payable in respect of the registration of transfer of marketable and
- to provide for incidental matters.
Commencement
16 July 1971
