Transfer Duty Act definition

Transfer Duty Act means the Transfer Duty Act 40 of 1949;
Sample 1Sample 2Sample 3
Transfer Duty Act. ’ means the Transfer Duty Act, 1949 (Act No. 40 of 1949); 30
Sample 1Sample 2Sample 3
Transfer Duty Act means the Transfer Duty Act No. 40 of 1949, as amended from time to time; and
Sample 1Sample 2

Examples of Transfer Duty Act in a sentence

  • This means that in some cases, both the TA Act and the individual tax Acts such as the VAT Act and the Transfer Duty Act will prescribe certain administrative requirements with which a taxpayer must comply.

  • The Transfer Duty Act does not provide for an exception to this rule.

  • SARS officials are responsible for decisions in ascertaining the value of the relevant property for transfer duty purposes within the provisions of the Transfer Duty Act and for the correct assessment and collection of duty.

  • The Transfer Duty Act does not provide for the use of these values.

  • Further, that if that person had the required capacity, it must be established whether or not the shelf company had been identified as the principal (the actual purchaser) on the date of the transaction as required under section 16 of the Transfer Duty Act.

  • However, paragraph (a) of the definition of the term “fair value” in section 1(1) refers to the “fair market value” of property, which is defined in section 1 of the TA Act as being “the price which could be obtained upon a sale of an asset between a willing buyer and a willing seller dealing at arm’s length in an open market.” Note that the interpretation rules mentioned in Chapter 10 should be kept in mind in this regard as the valuation rules which remain in the Transfer Duty Act will take precedence.

  • TRANSFER DUTY AMENDMENT (CLAUSE 31: AMENDMENT TO SECTION 2 OF THE TRANSFER DUTY ACT) Transfer duty is levied in terms of section 2 of the Transfer Duty Act on the acquisition of fixed property in South Africa.

  • For example, certain administrative requirements regarding the valuation of property will remain in the Transfer Duty Act, notwithstanding the definition of the term ‘‘fair market value’’ in section 1 of the TA Act and its application to similar valuation matters dealt with in that Act.

  • There is no provision in the Transfer Duty Act under which transfer duty may be assessed or based exclusively on the municipal value, as it is merely one of the factors considered as a guideline by the Commissioner in determining the fair value of the property.

  • Although this guide is written as far as possible in plain English, its purpose is to provide technical guidance on the application of the Transfer Duty Act on property transactions in the context of the law of property, the law of contract and various other legislative acts with which it is integrally linked.


More Definitions of Transfer Duty Act

Transfer Duty Act means the Transfer Duty Act No. 40 of 1949, as amended from time to time;
Sample 1Sample 2
Transfer Duty Act means the Transfer Duty Act, 1949 (Act No. 40 of 1949); "transfer payment" [deleted by the Revenue Laws Amendment Act, 2003];
Sample 1

Related to Transfer Duty Act

  • Society Act means the Society Act of the Province of British Columbia from time to time in force and all amendments to it;

  • POPI Act means the Protection of Personal Information Act 4 of 2013 as may be amended from time to time;

  • Rail Safety Act means the Rail Safety Act 1998 (WA);

  • CER Act means the Canadian Energy Regulator Act (Canada), and regulations thereunder, all as amended or replaced from time to time.

  • S.A.F.E. Act means the secure and fair enforcement for mortgage licensing act of 2008, Title V of the housing and economic recovery act of 2008 ("HERA"), P.L. 110-289, effective July 30, 2008.

  • Privacy Act means the Privacy Act 1988 (Cth).

  • PBR Act means the Plant Breeder’s Rights Xxx 0000 (Cth) as amended from time to time.

  • Foreign Corrupt Practices Act means the Foreign Corrupt Practices Act of the United States, 15 U.S.C. Sections 78a, 78m, 78dd-1, 78dd-2, 78dd-3, and 78ff, as amended, if applicable, or any similar law of the jurisdiction where the Property is located or where the Company or any of its Subsidiaries transacts business or any other jurisdiction, if applicable.

  • SEBI Act or “Act” means the Securities and Exchange Board of India Act, 1992;

  • National Road Traffic Act means the National Road Traffic Act, 1996 (Act 93 of 1996);

  • FOI Act means the Freedom of Information Xxx 0000 and any subordinate legislation made under this Act from time to time together with any guidance and/or codes of practice issued by the Information Commissioner in relation to such legislation;

  • HIPAA Regulations means the regulations promulgated under HIPAA by the United States Department of Health and Human Services, including, but not limited to, 45 C.F.R. Part 160 and 45 C.F.R. Part 164.

  • Privacy Regulations means the Privacy and Electronic Communications (EC Directive) Regulations 2003 as amended in 2004, 2011, 2015 and 2016 and as may be further amended from time to time;

  • Plan Assets Regulation means 29 C.F.R. Section 2510.3-101, et seq., as modified by Section 3(42) of ERISA.

  • Data Protection Regulation means Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 20161 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC (General Data Protection Regulation);

  • UK Bribery Act means the Xxxxxxx Xxx 0000 of the United Kingdom, as amended, and the rules and regulations thereunder.

  • Regulation E includes specific rules for all parties involved governing the issuance and use of Debit Cards and the processing of On-line Debit Card Transactions.

  • Social Security Act means the Social Security Act of 1965.

  • Bribery Act means the Bribery Act 2010 and any subordinate legislation made under that Act from time to time together with any guidance or codes of practice issued by the relevant government department concerning this legislation;

  • Banking Act means the UK Banking Act 2009, as amended.

  • Investment Company Act of 1940 means the Investment Company Act of 1940, as amended, and the rules and regulations thereunder.

  • OFAC Regulations means the regulations promulgated by OFAC, as amended from time to time.

  • Occupational Health and Safety Act means the Occupational Health and Safety Act, 1993 (Act No 85 of 1993);

  • FMC Act means the Financial Markets Conduct Act 2013.

  • Federal act means the federal laws and regulations that

  • CFTC Regulations means the rules and regulations promulgated by the CFTC, as amended.