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Income Tax Act, 1962 (Act No. 58 of 1962)


Regulations in terms of section 12T(8) of the Income Tax Act, 1962, on the requirements for Tax Free Investment

Part VIII : Transactions not allowed

16A. Tax free investment with underlying performance fees not allowed


A product provider may not offer a financial instrument or policy as a tax free investment if any fee expressed as a percentage of the value of an investment is directly or indirectly commensurate with or linked to an amount received or accrued from an amount invested by the product provider with a person other than that product provider.


[Regulation 16A inserted by regulation 10 of Notice No. R. 309, GG 40758, dated 31 March 2017]