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Provisional Tax on property sold

Posted 3 July 2017

Mike said:
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?

TaxTim Nicci TaxTim Nicci said:
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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