FAQ Blog Calculators Students Logbook Contact
Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


Capital gain tax

Posted 7 August 2015

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.

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.

This entry was posted in Tax Q&A and tagged , , , . Bookmark the permalink.




Submit your tax return right here!

TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund
Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

Get started

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.