ABC of Capital Gains Tax for Individuals and Companies
SARS has published issue 12 of the ABC of Capital Gains Tax for Individuals guide; and issue 10 of the ABC of Capital Gains Tax for Companies. Note, this is not the Comprehensive Guide to CGT which is still available.
Find a copy of the ABC of Capital Gains Tax for Individuals (Issue 12) here.
SARS has advised that this guide provides a simple introduction to capital gains tax (CGT) at its most basic level and contains insufficient detail to accurately determine CGT under most practical situations. It should accordingly not be used as a legal reference. It applies to the 2021 year of assessment which covers the period 1 March 2020 to 28 February 2021.
Find a copy of the ABC of Capital Gains Tax for Companies (Issue 10) here.
SARS has advised that this guide provides a basic introduction to capital gains tax (CGT) for companies as defined in section 1(1) of the Income Tax 58 of 1962 (the Act) and should not be used as a legal reference.
09/07/2021