Upon the disposal of immovable property, the seller becomes liable for the payment of Capital Gains Tax ("CGT") on any capital gain (profit)

CAPITAL GAINS TAX & TYPICAL PROPERTY TRANSACTIONS IN SOUTH AFRICA

Upon the disposal of immovable property, the seller becomes liable for the payment of Capital Gains Tax ("CGT") on any capital gain (profit) that has accrued in respect of that property since the introduction of the tax by the South African Revenue Services (SARS) on 1 October 2001.

Click here for an in-depth look at Capital Gains Tax - Make sure you are well informed for when the time arises!

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