Tax & Legal

Categories: All (3 found)

1. 10.02.2025

   Disallowance of flat rate holding discount when determining ...

   When valuing an unlisted share in a corporation for gift tax purposes a constant flat-rate holding markdown is not acceptable. The market value of an unlisted share in a corporation can only be derived from sales between third parties if the sales take place in the normal course of business and in accordance with ongoing market principles, the Supreme Tax Court said in a most recent judgment.

   Categories: Supreme Tax Court cases

   Keywords: valuation, market value
2. 21.07.2015

   Real estate transfer tax on share transfers unconstitutional

   The Constitutional Court has held the set calculation of the value of the land held by a company when assessing the transfer of the company’s shares to real estate transfer tax to be unconstitutional. The government has been given until June 30, 2016 to enact a different formula, to be applied retroactively to January 1, 2009.

   Categories: PwC Reports

   Keywords: property, real estate transfer tax, valu ...
3. 26.04.2012

   All land valuations and land tax assessments to be provision ...

   The provincial finance ministries have issued a joint decree ordaining that all land valuations and assessment notices shall be provisional pending a Constitutional Court ruling.

   Categories: Official Pronouncements

   Keywords: land tax, valuation, Valuation Act