Hide
Earn under R350,000? Click here to see why you still need to file to get your Tax Refund.
CLOSE
Get Tax Deadline Reminders, News and Tips
 

We'll tell you when you need to file, along with tax tips and updates.
Try Tim Now

Capital gains tax on share portfolio?

Posted 16 January 2014 under Tax Questions



Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
I have a stock market share portfolio. I have received a summary of capital gain for the 2013 tax year. Do I declare this gain even though the gain is still in my portfolio & not in my pocket? The amount is not shown on the IT3b as is the interest & dividends.

This entry was posted in Tax Questions and tagged , , , , . Bookmark the permalink.

TaxTimTaxTim says:
16 January 2014 at 19:58

You would receive an IT3c showing these gains or losses, did you receive one of them?


Still learning says:
17 January 2014 at 10:23

Document I received is headed "CGT summary for information purposes - local investments" which shows all the transactions & below states "Summary of local share transaction for your tax return" . Am I to assume that this is an IT3c?


TaxTimTaxTim says:
17 January 2014 at 14:23

Yes, that would be the correct document to use for any capital gains and losses. It will show you proceeds and base costs for the selling and cost prices.


Get Tax Deadline Reminders, News and Tips
 

We'll tell you when you need to file, along with tax tips and updates.

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →