Capital gains tax
Tax that can arise when a capital asset is disposed of and a taxable capital gain is included in taxable income under South African tax law.
Definition
Capital gains tax should be reviewed through the asset, acquisition date, base cost, disposal event, proceeds, exclusions or disregards, ownership structure, residency, supporting documents, and whether a SARS assessment or objection is involved. A calculation should use the current SARS rules for the relevant year instead of a generic percentage.
Key takeaways
Tax that can arise when a capital asset is disposed of and a taxable capital gain is included in taxable income under South African tax law.
Tax Law
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Related legal problems
This glossary provides general information only and does not constitute legal advice.
Common situations
Capital gains tax assessment
SARS objection
Property sale tax question
Related resources
Resources and guides
Property Transfer Checklist
Preparation checklist for buyers and sellers moving through property transfer.
ConveyancingClient Document PackSars Objection Document Pack
Sars Objection Document Pack for organising documents, proof, records, and consultation materials connected to tax law.
Tax LawChecklistTax Dispute Checklist
Tax Dispute Checklist for preparing documents, facts, dates, and questions connected to tax law.
Tax LawFAQs
Capital gains tax FAQs
What does Capital gains tax mean?
Tax that can arise when a capital asset is disposed of and a taxable capital gain is included in taxable income under South African tax law.
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