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Does the sale of a Holiday Home attract CGT?

Posted 9 June 2016

Tracey says:
7 June 2016 at 16:08

My parents have a small holiday home which they have been offered R1 300 000 (from tenants). They bought the home in 1979 for R97 000. Will they be liable for CGT and how do I work out what CGT they will pay?

TaxTim TaxTim says:
7 June 2016 at 21:53

Yes, they will be - please make use of our Capital Gains Tax Calculator

Tracey says:
8 June 2016 at 12:28

Thank you

TaxTim TaxTim says:
9 June 2016 at 8:18

Only a pleasure!

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