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Updated Capital Gains Tax Guides

08 April 2013   (0 Comments)
Posted by: Author: SARS Legal & Policy
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Source: SARS Legal & Policy

SARS recently updated the following Capital Gains Tax guides:

1. The ABC of Capital Gains Tax for individuals /  Die ABC van Kapitaalwinsbelasting vir individue

The purpose of these guides are to provide a simple introduction to capital gains tax (CGT) at its most basic level and probably contains insufficient detail to enable you to accurately determine your liability for CGT under most practical situations. It should accordingly not be used as a legal reference. It applies to the 2013 year of assessment which covers the period 1 March 2012 to 28 February 2013. 

2.  The ABC of Capital Gains Tax for Companies

This guide provides a basic introduction to capital gains tax (CGT) and should not be used as a legal reference.  


Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.


The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.

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