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March 6, 2009
Empowerment tax benefits: Q and A
Is there any concession on the tax payable on the capital gain that will be made by a shareholder in a private company selling its/their shares in a black women's empowerment deal?
Answer:
There are no specific tax advantages for participants in BEE deals, although some of our corporate rules have been designed with these deals in mind. Therefore the usual rules will apply to the scenario described.
Posted by StaffWriter at March 6, 2009 1:11 PM