n Professional Accountant - Avoidance closure alert : - funnel financing masquerades

Volume 2008 Number 1
  • ISSN : 1680-7537


This media statement issued by the National Treasury is the product of information uncovered during the consultation process associated with the recently introduced Taxation Laws Amendment Bills, 2008. One of the main issues addressed is the closure of avoidance involving section 45 rollover relief. More specifically, intra-group rollover relief had inadvertently become a means of obtaining tax-free sales to independent parties, and the Bills are designed to close this practice.

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