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Capital Gain Tax on Sale of Shares by a Non Resident ?

Posted 28 October 2015 under Tax Questions



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Siddharth says:
23 October 2015 at 14:34

I am a non resident having Investment in Shares of a closely held company in south africa. Now I want to sell my shares to a Registered South African Company. Will this sale of shares attract Capital Gain Tax?

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TaxTimTaxTim says:
25 October 2015 at 22:44

What did the company do as it's business?


Siddharth says:
26 October 2015 at 9:30

It is a Media Company.


TaxTimTaxTim says:
28 October 2015 at 7:10

As a non-resident you will not be subject to CGT as the sale does not relate to a property transaction.


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