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PROPERTY OWNED BY A CC - WHAT IS BEST, SELL THE CC OR THE PROPERTY

Posted 21 April 2015

Mark D says:
14 April 2015 at 10:32

What is best from a tax point of view when selling property (vacant land selling price R1. 5m) owned by a CC: 1. Sell the property out of the CC, or 2. Sell the members' interest

TaxTim TaxTim says:
15 April 2015 at 13:08

You should sell the member's interest - the CGT on the sale will be less than the CGT on the sale by the CC and then the resultant dividends tax on payment to you the member.

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