ABSTRACT
As has been indicated previously the taxation system is comprehensive and is therefore not concerned with single and discrete events. An interest in land may be sold in its entirety or in part, a lesser interest such as a lease may be created, the interest may be sold and leased back to the original vendor as a condition of sale, land may traded as a commodity, assembled and developed, it may serve as an investment medium or may be consumed by an occupier. These possibilities for the use and transaction of land create potential liability for the incidence of taxation and such taxable situations may cause the interaction of two or more different forms of taxation.
