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Income Tax Act, 1962 (Act 58 of 1962)

Regulations made under Section 13quat(9) of the Income Tax Act, 1962 (Act No. 58 of 1962)

Form A

 

 

URBAN DEVELOPMENT ZONE INCENTIVE REPORT (Section 13 quat(9))

 

For the year up to June

20XX









Municipality:

Name of municipality


















PROJECT INFORMATION










1. Taxpayer name

2. Costs incurred by the taxpayer to:

3. The extent of use of the qualifying building for:

Erect a new building

Acquire a new building from a developer

Improve or extend an existing building

Acquire a building which was improved or extended by a developer

Commercial purposes

Low cost housing purposes

Other residential housing purposes

Industrial usage

Total %

Examples:

XYZ Ltd

500,000,000


500,00


10%

90%



100%

ABC



1,200,000

1,000,000

100%




100%















































































































Total Value










Total Count










 

 

MUNICIPAL DATA

4. Building plans passed for new buildings and improvements / extensions: approved in the municipality and in the UDZ during the reporting period

Number and value of approved building plans


In UDZ

In the municipality


New buildings

Improvements

New buildings

Improvements


Number

Value

Number

Value

Number

Value

Number

Value

Example:

2

R    1.5 million

5

R   300.0 million

5,000

R   250.0 million

1,000

R   100.0 million










 

5. Measures that have been implemented by the municipality to support the regeneration of that area:


Appropriation of funds

Other non-monetary measures to stimulate UDZ's regeneration

Capital

Recurrent

Measures

Value

Example:



Expedite building plan approval; Set up dedicated UDZ office

R          1,0 million

pavements

R      2.0 million




marketing


R     1.5 million



Description