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Exempt income --> Government and related exemptions, Exempt income,…
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Exempt income
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12T(6) limit not effected by any transfer by a person of 1 tax free inv to another nor amount received or accrued to
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If amount is exempt not subject to CGT --> 2 categories exempt bc of special type of 1) entity/ 2) income
Exempt -->Receipts and accruals of certain funds, public institutions, clubs, societies and associations