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Sale of rental property

Posted 17 February 2017

TaxTim Alicia said:
17 February 2017 at 13:48

My son works abroad, but he owns a rental property in South Africa which he sold recently. Is he required to pay capital gains tax on the proceeds?

TaxTim Alicia TaxTim Alicia said:
17 February 2017 at 13:55

Yes your son needs to pay capital gains tax as the income is regarded as local income.
Kindly refer to our Capital Gains Tax Calculator

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