13 Dec 2016
PKF SA held its annual national partners conference during the last weekend of November 2016 at the Mount Grace Hotel in the Magaliesberg. The partners were treated to a day’s training session on practice management by the UK’s Mark Lloydbottom, as well as an economic update by Efficient Group Director and Chief Economist, Dawie Roodt, on the Saturday morning.
08 Dec 2016
The Income Tax Act, 58 of 1962, contains several so-called ‘group relief’ provisions in terms whereof corporate restructures can take place on a tax neutral basis. One of these is if a transaction comprises an ‘asset-for-share transaction’, or put simply: where a company purchases an asset in exchange for which that company agrees to issue shares to the seller.