Taxation Laws Amendment Act (No. 4) 1994 (181 of 1994)

Schedule 2   AMENDMENTS RELATING TO POOLED DEVELOPMENT FUNDS

Part 1   INCOME TAX RATES ACT 1986

1   Object

The object of this Part is to reduce the rate of tax payable by a pooled development fund ("PDF") in respect of its "SME income component" from 25% to 15%. The "SME income component" is based on income derived by the PDF from investments in certain small and medium enterprises.