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Steve says: 16 February 2016 at 23:17 Bought shares for R5000. 00 in 2008 Opened a share trading account in 2015. No of shares was 187 and the value was brought in as 187 x R1854 R346698. Sold in 2015 for R1822. 00x187 Also bought other shares which is share trading. Is this Capital or income |
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TaxTim says: 17 February 2016 at 13:47 If you are actively buying and selling over the short term (less than 3 years) the profit would generally be considered to be "income". However, if you are purchasing as an investment and holding for a period greater than 3 years in order to achieve capital growth over the medium to long term, it would be considered a sale of an asset which would attract capital gains tax. |
