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In July 2017, the first draft of the Taxation Laws Amendment Bill (TLAB) was released by National Treasury for public comment. It will give effect to the majority of the proposed tax legislation changes which were announced by the Minister of Finance in his annual budget speech in February. The TLAB contains a number of controversial provisions which have far-reaching implications for some current structures and pending transactions. Unsurprisingly, taxpayers are questioning what action they should…