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Provisional Tax on property sold

Posted 3 July 2017 under Tax Q&A


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Mike says:
3 July 2017 at 11:49

I sold property in March 2017 and it's an income earning property. Do I need to prepare a provisional tax return in August? Will I just include profits on the property?

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TaxTim TaxTim says:
3 July 2017 at 11:53

Yes, you should do IRP6 for August as there is a capital gain which would put you into the Provisional Taxpayer definition for this period.


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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