Item Taxed

Scale of Taxation

1.

The gross proceeds of movable property (other than shares and similar securities) sold, and the gross amount collected under promissory notes or book debts or as rent interest, contributions or other income

10%

2.

The gross proceeds of immovable property, shares and similar securities sold, mortgage bonds recovered, and the balance recovered in respect of immovable property sold prior to liquidation

3%

3.

The—

1%

4.

Sales by the liquidator in carrying on the business of the co-operative, or an art thereof, in terms of regulation 19.

6%

5.

The amount distributed in terms of a composition, excluding any amount on which remuneration is payable under any other item of this tariff

2%

6.

The value at which movable property in respect of which a creditor has a preferred right, has been taken over by such creditor

5%