Contingency Fees Act, 1997
R 385.00
Securities Transfer Tax Act, 2007 (Act No. 25 of 2007)4. Transfer of listed securities effected by participant |
| (1) | Unless tax is payable on a transfer contemplated in section 3, the taxable amount in respect of any transfer of a listed security effected by a participant is— |
| (a) | where that security is a security referred to in paragraph (a) of the definition of "security"— |
| (i) | the amount of the consideration for that security declared by the person who acquires that security; or |
| (ii) | if no amount of consideration referred to in subparagraph (i) is declared, or if the amount so declared is less than the lowest price of that security, the closing price of that security. |
| (b) | [Section 3(1)(b) deleted by the Taxation Amendment Act, 2011 (Act No. 24 of 2011)] |
| (2) | The participant is liable for the tax payable in respect of the transfer of a security referred to in this section. |
