(021) 200 5644
·
info[at]debruynlegal.co.za
·
Mon - Fri 08:00-16:00
Send Whatsapp

Day

August 5, 2024
Section 42 of the Income Tax Act provides a beneficial mechanism for tax-neutral asset transfers. It allows a person (the “transferor”) to dispose of an asset to a local company (the “transferee company”) in exchange for equity shares in that company. 1. Asset-for-Share Transaction Fundamentals An asset-for-share transaction involves transferring an asset to a company...
Read More