Section 42

The principal Act is amended by inserting after section 16

the following section:

“Discharge of double assessments 16a.  Where two or more assessments have been made with respect to a person on the same gain in respect of the same chargeable asset for a year of assessment, the Director General may discharge such assessments as need to be discharged in order to ensure that the gain is charged to tax only once for that year.”.