The South African Revenue Service has published Interpretation Note (IN) 97 (Issue 2). IN 97 provides detailed guidance on the interpretation and application of the main provisions dealing with the taxation of REITs and controlled companies, as well as other selected provisions that are particularly relevant to REITs, controlled companies, and the holders of shares or linked units in these companies.
Issue 2 of IN 97 reflects the latest amendments introduced by the Taxation Laws Amendment A…