Housing Development Agency Act, 2008
R 385
Income Tax Act, 1962 (Act No. 58 of 1962)RegulationsRegulations in terms of section 12T(8) of the Income Tax Act, 1962, on the requirements for Tax Free InvestmentPart II : Issue of financial instrument and policy5. Pre-existing financial instrument or policy may not be coverted |
An issuer may not reclassify or convert a pre-existing financial instrument or policy owned by an investor as a tax free investment in respect of that investor.
