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Tax on profit of house sold

Posted 5 August 2015 under Tax Q&A


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Elizabeth says:
5 August 2015 at 15:51

If a house was sold during the tax year, do you have to declare the profit?

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

TaxTim TaxTim says:
5 August 2015 at 16:20

Yes, you do need to declare it in your tax return in the Capital Gains section.
Please make use of our Capital Gains Tax Calculator to determine the tax payable.

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help you
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TaxTim will help you:

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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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