Three instances where you don't have to pay Capital Gains Tax... And eight other ways to LEGALLY beat the taxman!
Giving a huge percentage of your profits to SARS can feel like stabbing yourself in the eye…
Just when you're about to bank your hard-earned money, SARS swoops in and takes a huge chunk in capital gains tax (CGT). Money that could be used to pay off debts, improve company processes and reward hard-working employees.
And, what's worse, from the 1 March that chunk got even bigger!
You see, SARS decided to increase the capital gains inclusive rate from 66.6% to 80% for companies and this can massively affect your revenue!
But here's some good news for every bewildered CGT taxpayer…
CGT loopholes exposed!
There are a few CGT loopholes that can save you thousands of rands every single year and, in some cases, let you off the CGT hook completely…
For example, did you know:
Click here to get your hands on these secrets...