Price:
R419.99 (VAT Incl.)
Level:
Tax professionals
Sub-level:
Income tax
Lecturer:
Biz Facility
Duration:
180 Minutes
Additionals:
R419.99 (VAT Incl.)
Level:
Tax professionals
Sub-level:
Income tax
Lecturer:
Biz Facility
Duration:
180 Minutes
Additionals:
CPD Assessment
Certificate
Certificate
Lesson Outline
Capital gains tax is a tax on the difference between the price an asset was purchased for and the amount for which it was sold. If only it was so simple. In South Africa, there are various different capital gains tax inclusions and exclusions as well as different tax rates to be applied on different transactions and legal entity formations. This session is aimed at introducing Capital Gains Tax on an entry level to learners who wish to gain knowledge on the subject.
Content discussed:
Income tax framework
Capital gains tax structure
Net capital gain or losses
Annual exclusion
Assessed Capital losses
Aggregate capital gain / (loss)
Calculating capital gains on disposal of as asset:
Proceeds
Base cost
Base cost before 01-10-2001
Base cost after 01-10-2001
Base costs paragraph 26 & 27
Specific exclusions
Primary residence
Exclusions and limitations of losses
Content discussed:
Income tax framework
Capital gains tax structure
Net capital gain or losses
Annual exclusion
Assessed Capital losses
Aggregate capital gain / (loss)
Calculating capital gains on disposal of as asset:
Proceeds
Base cost
Base cost before 01-10-2001
Base cost after 01-10-2001
Base costs paragraph 26 & 27
Specific exclusions
Primary residence
Exclusions and limitations of losses