You are entitled to a have the first R30 000 of gains/losses on the sale of capital items such as shares or unit trust units disregarded each year and thereafter 33.3% of the remaining gain or loss is included in your taxable income.
Stefansays: 31 October 2013 at 10:59
Thank you, excellent explanation.
TaxTimsays: 31 October 2013 at 20:00
Only a pleasure! Glad I could assist!
Get Tax Deadline Reminders, News and Tips
We'll tell you when you need to file, along with tax tips and updates.