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Tax on share sales

Posted 25 July 2015 under Tax Questions



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Maakie says:
25 July 2015 at 1:52

I have sold some shares, and made a small profit. Reading the rules around tax on shares, I have deemed it to be subject to Capital Gains tax, and not taxable income. Could you please advise where to declare it on my SARS e-filling, under local gain/loss?

I don't see a section where I can write a description or enter a source code. Do I need to declare this amount if it falls within the annual exclusion amount?

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TaxTimTaxTim says:
25 July 2015 at 13:59

You would have to click yes to the other incomes and deductions and then the capital gains section will pop up. You still need to declare it even if its under R30 000. Register for TaxTim and let us help you complete and submit your tax return correctly.


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