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CGT tax rebates

Posted 6 October 2015 under Tax Questions



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Need says:
6 October 2015 at 9:07

How does capital gains tax work on shares. I sold shares and need to calculate the CGT. The base cost is R99 per share. Do I get a rebate? Is this a once of rebate or a yearly rebate?

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TaxTimTaxTim says:
6 October 2015 at 13:57

Please make use of our Capital Gains Tax Calculator to work out the tax you will pay on the share sale.

You should receive a Tax Certificate from your financial institution just after the tax year end which will detail the share sales and the resultant capital gains. You need to disclose this capital gain in your annual tax return where 1/3 of the gain will be added to the rest of your income and taxed according to your marginal tax rate.


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