Transfer Duty Act, 1949 (Act No. 40 of 1949)

15. Records of certain sales of property to be kept
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(1)In addition to the requirements upon a tax payer contained in sections 29, 30, 32 and 33 of the Tax Administration Act, every auctioneer or other person who has effected a sale of property on behalf of some other person shall, for a period of five years from the date on which the sale was effected, keep a record of the sale including a description of the property sold, the person by whom and the person to whom the property has been sold and the price paid for the property.

[Section 15(1) substituted by section 271 of Act No. 28 of 2011]

 

(2)[Section 15(2) deleted by section 271 of Act No. 28 of 2011]

 

(3)[Section 15(3) deleted by section 271 of Act No. 28 of 2011]