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Attracting investment into South African property investment vehicles : evaluating tax
Dissertation (MCom)--University of Pretoria, 2010.
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| Format: | Thesis |
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University of Pretoria
2013
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| _version_ | 1867613722111901696 |
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| access_status_str | Open Access |
| author2 | Cronje, M. |
| author_browse | Cronje, M. |
| author_facet | Cronje, M. |
| collection | Thesis |
| dc_rights_str_mv | © 2009, University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. |
| description | Dissertation (MCom)--University of Pretoria, 2010. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/24354 |
| institution | University of Pretoria (South Africa) |
| last_indexed | 2026-06-10T12:40:39.540Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2013 |
| publishDateRange | 2013 |
| publishDateSort | 2013 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/24354 Attracting investment into South African property investment vehicles : evaluating tax Cronje, M. wimfourie@groupfive.co.za Fourie, Michiel Philippus Willem Property unit trust (PUT) Company Collective investment scheme in property (CISP) Tax legislation Real estate investment trust (REIT) Property investment vehicles Property loan stock (PLS) UCTD Dissertation (MCom)--University of Pretoria, 2010. South African property investment vehicles consist of collective investment schemes in property (CISPs), also known as property unit trusts (PUTs) and property loan stock (PLS) companies. The application of sections 25B(1), 11(s), 10(1)(k)(i)(aa) and 64B(5)(b) of the Income Tax Act 58 of 1962 (“the Act”) and paragraph 67A(1) of the Eighth Schedule to the Act result in these property investment vehicles being taxed based on their legal form, that of a trust versus a company, rather than on their common purpose. The South African Revenue Service recognised these inconsistencies in the 2007/8 budget tax proposals and proposed that it be reviewed. In December 2007, National Treasury released a discussion paper on the reform of the listed property investment sector in South Africa. The discussion paper is aimed at adopting a real estate investment trust (REIT) regime in South Africa to make South African property investment vehicles more attractive to foreign investors as well as to address the current tax inconsistencies and fragmented regulation of the South African listed real estate sector. In this study, the current inconsistent tax treatment of these property investment vehicles is reviewed, both as to how they apply to the property investment vehicle and to their respective investors. This study further reviews how REITs in selected other countries are regulated and taxed and National Treasury’s proposals as to how REITs applicable in South Africa should be regulated and taxed. Copyright Taxation unrestricted 2013-09-06T17:18:04Z 2010-05-05 2013-09-06T17:18:04Z 2010-04-19 2010-05-05 2010-05-05 Dissertation Fourie, MPW 2009, Attracting investment into South African property investment vehicles : evaluating tax, MCom dissertation, University of Pretoria, Pretoria, viewed yymmdd < http://hdl.handle.net/2263/24354 > E10/221/gm http://hdl.handle.net/2263/24354 http://upetd.up.ac.za/thesis/available/etd-05052010-152321/ © 2009, University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | Property unit trust (PUT) Company Collective investment scheme in property (CISP) Tax legislation Real estate investment trust (REIT) Property investment vehicles Property loan stock (PLS) UCTD Attracting investment into South African property investment vehicles : evaluating tax |
| title | Attracting investment into South African property investment vehicles : evaluating tax |
| title_full | Attracting investment into South African property investment vehicles : evaluating tax |
| title_fullStr | Attracting investment into South African property investment vehicles : evaluating tax |
| title_full_unstemmed | Attracting investment into South African property investment vehicles : evaluating tax |
| title_short | Attracting investment into South African property investment vehicles : evaluating tax |
| title_sort | attracting investment into south african property investment vehicles evaluating tax |
| topic | Property unit trust (PUT) Company Collective investment scheme in property (CISP) Tax legislation Real estate investment trust (REIT) Property investment vehicles Property loan stock (PLS) UCTD |
| url | http://hdl.handle.net/2263/24354 http://upetd.up.ac.za/thesis/available/etd-05052010-152321/ |