Environmental rehabilitation – s10(1)(cA)
| Environmental rehabilitation – s10(1)(cA) | Sole objective is to rehabilitate environment – exempt |
| Housing association S10(1)(cC) | Section 21 companies
· Sole objection build/buy dwellings for occupation by employee of employers who is a member of housing association · Minimum profit
|
| Housing home loan finance bodies – Sec 10(1)(cJ) | Certain housing facilities are exempt |
| Housing for low income communities S10(1)(cI) | Section 21 company – sole objective is to provide housing for low income communities |
| Housing retirement complexes Sec 10(1)(cF) | Sole objective to provide residential accommodation for persons over 60 years of age or hat are retired due to ill health |
| Political parties S 10(1)(cE) | Registered under S36 of electoral act is exempt |
| Government and local authorities | Exempt |
| Religious, educational, charitable institutes | Now exempt in terms of S10(1)(cN) or Sec 30(3) |
| Ships and aircrafts foreign owners and charters S10(1)(cG) | Person – non resident – owner of ship/aircraft – exempt
Similar exemption by other countries for SA ship owners in that country |
| Small business development corporation | Subsidies from state exempt |
| Specific research and ancillary entities s 10(1)(cA) or (cB) | Exempt unless all shares are held by qualifying shareholder. Sole objective
· Conduct scientific, industrial or technical research, provide medical, blood,dental, hospital or nursing services. Nature conservation or animal protection · Not permitted to distribute any profits · Use fund only for investment or sole objective |
| Sporting association S10(1)(cP) | Now exempt in terms of Section 10(1)(cN) and 30(3) |
| Public Benefit Organisations | Now exempt in terms of Section 10(1)(cN) and 30(3)
· Section 21 company · Sole objective – carry on benefit activities in non profit manner · 85% of activities for benefit of public |
Write a Comment