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Full amount of shares paid out or profit?

Posted 18 July 2017 under Tax Q&A


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Varooshka says:
18 July 2017 at 12:59

I had MTN Zakhele shares which reach maturity and were paid out in December 2016. Do I include the amount that was paid into my bank account or the difference between what I paid for the shares vs what I sold them for?

This query relates to question 6431 "Please enter the total amount received from the sale here. This is known as the proceeds." in the Capital Gains section.

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

TaxTim TaxTim says:
18 July 2017 at 13:03

You need to capture the total amount as per the certificate you were sent from MTN, if they did not send you anything, kindly capture the amount you received in your bank account please.


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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!

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