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Capital gains tax on share portfolio?

Posted 16 January 2014

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.

TaxTim TaxTim 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?

TaxTim TaxTim 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.

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