- Calculating CGT? Make sure you understand these two key concepts first
- Capital Gains Tax (CGT) is a tax you pay on the profits you make on the disposal (sale) of your assets. And there are two key concepts you must understand before you calculate your CGT.
You must understand two key concepts before you take charge of your business's CGT.
Let's take a closer look at each of these key concepts.
Understand these two con... ››› more
- [27 December 2016]
- Never get your Capital Gains Tax wrong again! Use these three easy steps to work it out
- Capital Gains Tax (CGT) is one of the most complicated types of tax. There are so many factors that affect it, it's often difficult to get right.
This means you either pay SARS too much, or land up with a fine for not paying enough.
Today I'm going to take some of the complications out of your CGT calculations.
All you have to do, is follow these three steps...
You'll never get... ››› more
- [30 January 2015]
- Use these five easy steps to calculate your CGT and you'll never get it wrong again
- If you make a profit when you sell an asset, you have to pay Capital Gains Tax (CGT). This means you have to work out that tax and hand it over to SARS.
But this can be complicated because there are a lot of things that affect CGT. For example, how and when you disposed of the asset can affect your CGT.
That's why I'm going to show you an easy way to work out your CGT liability in five easy... ››› more
- [09 January 2015]
- Before you calculate your Capital Gains Tax, you first need to understand these five key CGT concepts so you don't get it wrong
- You have to pay tax on any capital gains you make. This normally includes the profit you make on any kind of capital asset such as a rental property.
You have to work out what your profit is and then work out that tax amount from that.
But to do this, you have to understand the five key concepts the make up Capital Gains Tax (CGT). Otherwise, you may leave out an important factor in your C... ››› more
- [08 January 2015]