WebEighth Schedule. (17) No duty shall be payable in respect of the acquisition by a natural person of a residence that will constitute that person's primary residence as defined in paragraph 44 of the Eighth Schedule to the Income Tax Act, 1962, from a trust where-(a) that acquisition takes place on or after the date of promulgation Web“Subject to this Act, income upon which tax is chargeable under this Act is income in respect of- …(f) gains accruing in the circumstances prescribed in, and computed in accordance with the Eighth Schedule.” However, section 3(1) of the Income Tax Act [Cap 470] provides as follows:
Taxation Laws Amendment Act [No. 5 of 2001] - Gov
WebLiability for capital gains tax is determined in terms of the Eighth Schedule to the Income Tax Act 58 of 1962. According to the Eighth Schedule, the disposal of an asset is the event that triggers the liability for capital gains tax. It is therefore imperative to know what constitutes a disposal, because it is fundamental to the entire capital ... http://www.kslegislature.org/li_2024s/b2024s/measures/sb8/ rock smarthub.coop
Sales tax FA 2024 - Eight Schedule - Fakhri Associates
WebThe Eighth Schedule to the Income Tax Act No. 58 of 1962 (the Eighth Schedule) allows the market value at the time of exercise of the option to be used as the base cost of the option (which is of little use since the option no longer exists), but it was not clear how that value should be incorporated in the base cost of the share (the share and ... http://kenyalaw.org/caselaw/cases/view/132569/ WebApr 22, 2024 · Taking cognisance of section 26B of the ITA (which provides that taxable capital gains – which are to be included in a taxpayer’s taxable income – are to be determined in terms of the Eighth Schedule to the ITA), the court considered the taxability of the capital gains in question, having specific regard to the provisions of the Eighth ... otp dp110 incorrecto