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CGT and new retirement fund laws

Posted 8 February 2017 under Tax Q&A


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Joe says:
7 February 2017 at 13:41

Non of the tax calculators include Capital Gains tax
What is the impact of a Capital Gains Tax on the allowable RA deduction?

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

TaxTim TaxTim says:
8 February 2017 at 12:10

The RA deduction is calculated based on 27,5% of taxable income (limited to actual contributions made and capped at R350,000 per year). Therefore, the taxable portion of the capital gain (2017: 40% for individuals) is included for the purposes of calculating the RA deduction.


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TaxTim helping
you file your
Tax returns


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