Capital Gains Tax for Beginners
Learn about the complexities of South African Capital Gains Tax (CGT) in this entry-level course. Gain knowledge on inclusions, exclusions, and tax rates. Ideal for beginners.
What you’ll learn
- Income tax framework
- Capital gains tax structure
- Net capital gain or losses
- Annual exclusion
- South African Tax
****Please note that this course is based on South African Tax****
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
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About the Presenter:
Daniel van Tonder
Daniel van Tonder is the Head of Taxation at FinSolve Accounting and Taxation – situated in Durbanville Cape Town.
He completed his B- Compt degree in Financial Accounting while still busy with his articles at Diemont, Zimmerman & Bolink Auditors in Polokwane.
After his articles he entered the private sector to gain valuable experience as a Group Finance Manager and Group Internal Tax Practitioner.
He is currently busy with his post graduate diploma in taxation through Unisa.
Daniel is a registered tax practitioner and a proud member of the South African Institute of Taxation.
Who this course is for:
- Anyone with little to no understanding of Capital Gains Tax(CGT)
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