Every time your business sells, donates or scraps an asset, for gain, SARS takes some of your money as capital gains tax. And this chunk gets bigger every year.
In 2015 if you sold an asset you would have paid 18.65% tax on it.
In 2017, the current tax year, you stand to pay 22.4%.
That's a 3.75% increase in just one year.
Let me put that into perspective for you and show you a way to ... ››› more
Did you know that capital gains tax is triggered at the time you dispose of you assets?
Today I'm going to share a secret with you about the disposal of your assets.
All too often people dispose of their assets at the wrong time, which could lead to a 200% penalty from SARS.
Did you know you can avoid this from happening to you by simply taking note of the disposal timing rules?
Let me... ››› more
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