Hide
Earn under R350,000? Click here to see why you still need to file to get your Tax Refund.
CLOSE
Get Tax Deadline Reminders, News and Tips
 

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

Is a?sale of shares held as an investment taxable?

Posted 19 August 2013 under Tax Questions



Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
A?sale of shares held as an investment, is it taxable?

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

TaxTimTaxTim says:
19 August 2013 at 23:36

The gain made on the shares is subject to capital gains tax. This would be the difference between the purchase price and the selling price. Your IT3c received from the investment house would be able to provide this gain/loss. You would include this on your ITR12 - income tax return. The gain is subject to a R30 000 per year exclusion and then 33.3% is then included in your taxable income.


Get Tax Deadline Reminders, News and Tips
 

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 →