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Capital gain tax

Posted 7 August 2015 under Tax Q&A


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Katy says:
7 August 2015 at 13:41

I need to sell shares owned by myself. The 149 shares were bought at R1000. They are now worth R3000 each. What is the tax implication for an individual at February 2016. I am under 65 years of age.

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TaxTim TaxTim says:
7 August 2015 at 19:13

You would pay Capital Gains Tax on the R2 000 x 149. The R298 000 gain would have R30 000 excluded as this is allowed by SARS and then 1/3 of the remaining R268 000 would be included in your income and taxed along with your other income depending what your total income is.


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