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Capital Gains Tax on foreign shares

Posted 2 December 2015

Jannie says:
2 December 2015 at 11:22

Hi guys, I have a Dutch client. He moved here and bought a home in 2012. He had foreign (FTSE and S&P) shares which he has just sold for a small profit. My understanding is that he would not be subject to CGT as he has not been considered "resident" via both Ordinarily Resident and Physical Residence yet. Can you clarify pls??

TaxTim TaxTim says:
2 December 2015 at 18:43

Please check his residency status by making use of our online questions Am I a tax resident of South Africa?

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