Hide
Earn under R350,000? Click here to see why you still need to file to get your Tax Refund.
CLOSE
Get SARS Tax Deadlines in your Inbox
 

We'll tell you when you need to file, along with tax tips and updates.
Try Tim Now

How does capital gains tax contributes to vertical equity?

Posted 20 May 2016 under Tax Questions



Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
RCS says:
19 May 2016 at 15:42

Explain how capital gains tax contributes to vertical equity.

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

TaxTimTaxTim says:
20 May 2016 at 10:29

40% of the capital gain is added to your taxable income and will be taxed at your marginal rate of tax. Therefore, the higher the tax bracket you are in, the higher will be the tax on your gain.

Does this clarify your question?


Get SARS Tax Deadlines in your Inbox
 

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 →