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From monthly archives: September 2019

We are pleased to present below all posts archived in 'September 2019'. If you still can't find what you are looking for, try using the search box.

What is Capital Gains Tax? And how is it reflected?

Capital gains tax is a form of income tax and can be defined as the tax levied on the disposition of an asset. Capital Gains Tax has been introduced in South Africa from 1st October 2001.

Therefore, if the disposal of an asset had taken place on this date or anytime thereafter for proceeds that exceed its base cost; it would be subject to tax levied in the form of Capital Gains Tax.

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