Make sure that you are part of the group: Section 46 of the Income Tax Act

Section 46 of the Income Tax Act, 58 of 1962 (herein the ”ITA”) defines a ”Unbundling Transaction”  to mean any transaction in terms whereof the equity shares in a company (usually referred to as the ”Unbundled Company”), and held by another company (traditionally the ”Unbundling Company”), is distributed by the Unbundling Company, to its shareholders, […]