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How much of my investment can I liquidate a year without incurring income tax.

Posted 10 June 2013

I have a unit trust with Alan Gray. I'd like to liquidate the maximum amount allowed per year without incurring extra income tax. Can you help me with this please? How much can I liquidate a year. My annual income is about R145 000.

TaxTim TaxTim says:
10 June 2013 at 19:42

You can dispose of investment assets and make a capital gain of R30 000, that is the difference between the selling price and the cost price, without paying any capital gains tax.

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