Taxation Laws Amendment Act (No. 3) 1992 (98 of 1992)

Part 2 AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936

Section 82AI of the Principal Act is amended by omitting paragraphs (a) and (b) and substituting the following paragraphs:

"(a) the taxpayer is taken to have disposed of the property; and

(b) the disposal is taken to have occurred at the time when possession of the property was so obtained by the owner.".