|
Chris said: 7 October 2015 at 9:48 If my selling price for an asset is R 2,258,548, Cost is R 2,800,000 and the Tax Value is R 1,120,000. What will my recoupment and capital gain be? |
|
TaxTim Marc said: 7 October 2015 at 15:36 Please make use of our Capital Gains Tax Calculator to work out the tax due on the sale of your asset. |
|
|
Chris said: 12 October 2015 at 8:28 The calculator is only for individuals, the above scenario is for a company... |
|
|
TaxTim Marc said: 12 October 2015 at 17:06 The principal is the same - the difference is that 2/3 of the gain is added to the company's taxable income (instead of 1/3 for an individual) and will be taxed at the corporate rate of 28%. |
