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Can portfolio management fees be included in the base cost part of the CGT calculation?

Posted 28 July 2014 under Tax Q&A


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CAPITAL GAINS; My broker issued an itc3 showing a capital gain of R955 000 for the last tax year.Else where on the tax report is shown a sum of R120 000 being portfolio management fees. Can I deduct some or all of this fee as part of the base cost in calculating GCT?

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TaxTim TaxTim says:
28 July 2014 at 15:17

Do you actively trade shares or does the broker do everything in the view of capital growth?

Dave says:
28 July 2014 at 16:25

This is a passive, investment account with broker doing the necessary trades. We are not categorised as traders.

TaxTim TaxTim says:
29 July 2014 at 10:02

You can deduct the portfolio fees from the capital gain then as this is part of the cost of selling.


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