FAQ Blog Calculators Students Logbook Contact
Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


Primary residence deemed disposal

Posted 28 August 2013

If I sell my primary residence on the 31 Dec (which I stayed in for 5 years), but have already moved out on 30 Sep (same year) to a new (right of use) residence. Would my time of disposal of my "first primary residence" be the 31 Dec or the 30 Sep?

TaxTim TaxTim says:
28 August 2013 at 23:49

You would need to apportion it for the last few months when it was not used as a primary residence.

This entry was posted in Tax Q&A and tagged . Bookmark the permalink.



Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.