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act-88-1974.pdf | 5.38 MB |
88 of 1974
The Revenue Laws Amendment Act 88 of 1974 intends:
- to amend the provisions of the Marketable Securities Tax Act, 1948 [repealed in 2003], with regard to the definition of "joint account", so as:
- to effect certain textual changes in section 3 and
- to provide for a further exemption from marketable securities tax;
- to amend the provisions of the Transfer Duty Act, 1949, relating to the rates of transfer duty and the officials to whom transfer duty is required to be paid, so as:
- to effect certain textual changes in section 9 and
- to provide for the utilization of certain declarations for the purpose of acknowledging, by means of a machine, the receipt of transfer duty;
- to amend the provisions of the Stamp Duties Act, 1968 [repealed in 2008], so as:
- to provide for further exemptions from stamp duties,
- to effect certain textual changes in section 23,
- to provide for an alternative method for the payment of stamp duty on certain classes of policies of insurance,
- to declare certain activities in connection with adhesive stamps to be offences,
- to abolish certain stamp duties,
- to change the rates of stamp duty payable in respect of certain bonds,
- to effect certain textual changes in Item 15 of Schedule 1 to the said Act and
- to abolish certain fees of office; and
- to provide for incidental matters.
Commencement
- 29 November 1974
- 1 April 1978, Ss. 4 and 6 (Gazette 5962 of 31 March 1978)