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Sections: s48A

Lodgement category: SRO

Circumstances/Transactions:

A transfer made under, or in accordance with, the rules of an industrial organisation and the transfer is made to another industrial organisation as a consequence of the amalgamation of two or more industrial organisations.

Evidence:

  1. Documentary evidence to show that the transfer is made under, or in accordance with, the rules of an industrial organisation.
  2. A statutory declaration by the transferee stating all of the following:
    1. The capacity of the person making the declaration
    2. The capacity in which the transferee will hold the property, and
    3. Whether the transfer is made as a consequence of the amalgamation of two or more industrial organisations and if so, specify the full name of each of the organisations.

See Revenue Ruling DA.20