Bought shares for R5000. 00 in 2008 Opened a share trading account in 2015. No of shares was 187 and the value was brought in as 187 x R1854 R346698. Sold in 2015 for R1822. 00x187 Also bought other shares which is share trading. Is this Capital or income
If you are actively buying and selling over the short term (less than 3 years) the profit would generally be considered to be "income". However, if you are purchasing as an investment and holding for a period greater than 3 years in order to achieve capital growth over the medium to long term, it would be considered a sale of an asset which would attract capital gains tax.
Get Tax Deadline Reminders, News and Tips
We'll tell you when you need to file, along with tax tips and updates.