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

CGT on sale of business

Posted 11 April 2016 under Tax Questions


Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
ElaineG says:
9 April 2016 at 11:32

What CGT will be payable if you sell a business that you started in 2004 with a R3,000 loan, you now sell it for R5. 5 mil and pay a 10% commission.

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

TaxTimTaxTim says:
11 April 2016 at 7:14

Yes you would have to pay CGT on the shares of the business you sold.


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 →