It's important that you get the treatment of CGT right to avoid SARS penalties.
In fact, 'when it comes to CGT, the onus is on you to declare all your gains and losses, to calculate your due taxes correctly and to pay SARS on time.'
But you can only do this if you know the type of assets that are subject to CGT.
These nine assets are subject to CGT:
The main residence owned by a company, close corporation or trust, other than a special trust;
Holiday homes or second homes and properties let to tenants;
A boat worth overR10million;
An aircraft, the empty mass of which exceeds 450kg;
Shares, unit trusts and private investments and second-hand policies;
Krugerrands or other silver, platinum, or gold-minted coins, or any other coin, which market value is mainly in the metal it's made of; and
The sale of your business, other than on retirement; and
All other capital assets, except those specifically excluded.