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Does married in commuity of property mean a partnership?

Posted 7 February 2017

Ketlareng says:
7 February 2017 at 10:43

We are married in community of property does this mean this is a partnership for CGT purposes?

TaxTim TaxTim says:
7 February 2017 at 12:03

No it does not mean the same as being in a partnership, kindly only select that you are married in community of property and declare the entire gain in the capital gains section and SARS will divide it between the two of you on the assessment.

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