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Is a?sale of shares held as an investment taxable?

Posted 19 August 2013 under Tax Q&A


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A?sale of shares held as an investment, is it taxable?

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

TaxTim TaxTim says:
19 August 2013 at 23:36

The gain made on the shares is subject to capital gains tax. This would be the difference between the purchase price and the selling price. Your IT3c received from the investment house would be able to provide this gain/loss. You would include this on your ITR12 - income tax return. The gain is subject to a R30 000 per year exclusion and then 33.3% is then included in your taxable income.


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