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CGT for Companies

Posted 26 May 2019 under Tax Q&A

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Rob says:
26 May 2019 at 7:44

Is it correct that for private individuals Capital Gains Tax (CGT) is levied on net gain and of that, 40% is taken into account and that amount is added to individual's taxable income for that specific tax year. How does it work for companies or Trusts, is 100% of net CGT taken into account or what?

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TaxTim TaxTim says:
26 May 2019 at 18:57

For Trusts and Companies 80% of the gain is taken into account and added to taxable income which effectively amounts to 36% and 22.4% CGT on those types of entities.


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