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Assets Excluded From Capital Gains Tax

  • Take advantage of these 12 assets excluded from Capital Gains Tax
  • Every time your business sells, donates or scraps an asset and it makes a profit, SARS takes a big bite out of the proceeds. And it calls this bite Capital Gains Tax (CGT). SARS raised the CGT rates in the February 2017 Budget Speech. This means any asset sales you make after this date will cost you more. You can't escape CGT. In fact, if you try to escape it, SARS could easily find you gu... ››› more
  • [01 March 2017]
  • Avoid the CGT tax trap in just 30 minutes!
  • One of the most horrific taxes yet to be launched on an unsuspecting public is capital gains tax. This is basically the amount by which the proceeds exceed the base cost and is a tax you pay on the disposal of an asset. We will explain the specific inclusion rates that apply to individuals and companies as well as how to work out your base cost. If you get this wrong, you will pay more th... ››› more
  • [14 December 2016]

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