|
Theresa says: 27 January 2017 at 10:29 Must capital gains from an investment portfolio be included in the Turnover amount for provisional tax returns 1 and 2? |
|
TaxTim says: 27 January 2017 at 11:09 Yes you have to include the capital gain to your turnover on your IRP6 |
|
|
Theresa says: 27 January 2017 at 11:13 Thank you for your reply. And if you had a capital loss for the 2016 tax return (ITR12), can you offset that against the capital gain for the provisional tax return 2017 period 2? |
|
|
TaxTim says: 27 January 2017 at 11:16 The capital loss would have been offset against your income in the 2016 tax period so you unfortunately can't account for it on the 2017 income again. |
Do Your Tax Return Easily