Listed entities need a second transfer duty exemption

Friday, October 18, 2019

We now have a new Transfer Duty Act (hereinafter, the Act) with new provisions which were enacted on August 28, 2019.

The new amendments bring about a lot of improvements to the Transfer Duty Act but there are some implementation issues that need consideration.

One of the issues which will prove to be a challenge is whether Botswana Stock Exchange (BSE)-listed entities are citizens for the purposes of the new Act, especially when they need to acquire immovable property or shares in a company holding immovable property.

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Listed entities need a second transfer duty exemption

We now have a new Transfer Duty Act (hereinafter, the Act) with new provisions which were enacted on August 28, 2019.

Athletics likely to go solo at Olympics

Amidst BFA fights, Sebego raises hand for presidency

Chiefs puzzled by docking of points

Fitness trainer, Zongwane breaks barriers

Khawa dangles largest payout

Ex-badminton official maintains innocence

Kwa Nokeng Oil sponsors young biker with P120,000

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Routine child vaccination imperative