S.L. 123.92 Art. 8Parties to declare transfer value of each item of property transferred.

(1) When more than one item of property is transferred on the same deed the parties shall declare a separate transfer value for each item.

(2) When the acquisition value of an item of property that is allowable as a deduction in terms of article 5A(5)(b) of the Act and any other deductions that may be allowable in terms of these rules in respect of that item, exceed the transfer value of that item, the excess shall not be set off against the transfer value of any other item of property or otherwise allowed as a deduction for any purpose of the Income Tax Acts.