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Do you have to pay CGT with your first provisional tax payment?

Posted 10 December 2015 under Tax Questions


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At says:
9 December 2015 at 12:50

We are completing our 1st provisional tax return for our property company, and because we have disposed of properties in the last 6 months, this has triggered a Capital Gain which is payable to SARS (we donā%u20AC%u2122t have any assessed losses which we can utilise). Our question is quite simple. Do you have to pay over the CGT to SARS with the 1st provisional tax payment, or can you defer it to your 2nd provisional tax payment?

Ideally we would like to push this out by 6 months to our 2nd provisional payment.

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TaxTimTaxTim says:
10 December 2015 at 20:05

If the property sales occurred in the first 6 months of the year, then the capital gains tax would be due and payable with the 1st provisional payment SARS can request calculations supporting the provisional payments and then the timing of the transactions would need to be in line with the payments made.


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