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Section 12J: The brighter side of the Sunset Clause  This content is brought to you by 12Cape On Wednesday, Minister Tito Mboweni announced that Section 12J of the Income Tax Act relating to the venture capital company (VCC) incentive will not be extended beyond 30 June 2021. As this news spells the imminent end of a generous and innovative tax incentive to create jobs, it also provides much needed clarity for Section 12J funds (VCCs) and their qualifying companies. Last chance: For investors, it means that investments in approved VCCs before the 30th of June 2021 will be 100% deductible fr...

OPINION | Treasury’s decision to cancel section 12J investments 'throwing baby out with bathwater' 25 February 2021 - 12:00 By Dino Zuccollo By revoking the section 12J incentive, the National Treasury is effectively inviting investors to put their money elsewhere, says the author. Image: Esa Alexander In the 2021 Budget Review tabled with minister Tito Mboweni’s budget speech yesterday, the National Treasury announced that section 12J of the Income Tax Act will not be extended past its sunset date of June 30. Parliament is now faced with the decision whether t...

Global growth, locally *This content is brought to you by 12Cape  With a proven model, exciting pipeline and enticing tax benefits, there’s never been a better time to invest in 12Cape. For the discerning investor, 12Cape offers benefits that are difficult to ignore. As with other Section 12J investments, investors can offset their investments against their taxable income for the year, and invested capital is directed towards sectors in the economy that have been earmarked to boost jobs and economic growth. 12Cape deploys capital in aparthotels in prime areas of Cape Town – a global ...