Understand when to pay capital gains tax

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
0:00
play article
Subscribers can listen to this article
Taxpayers may mistakenly believe they are only required to declare and pay CGT . Photo: iStock
Taxpayers may mistakenly believe they are only required to declare and pay CGT . Photo: iStock

PERSONAL FINANCE

Many taxpayers may not be aware that the payment of capital gains tax (CGT) is due before you receive your investment tax certificates.

This affects existing provisional taxpayers as well as any resident taxpayer who disposes of an asset and earns a capital gain or loss of more than R40 000.

Support independent journalism
Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism.
Subscribe
Already a subscriber? Sign in

E-Editions

Read the digital editions of City Press here.
Read now
Voting Booth
The Electoral Commission of SA (IEC) has accepted the report by former Deputy Chief Justice Dikgang Moseneke proposing that South Africa’s local government elections be postponed to February.
Please select an option Oops! Something went wrong, please try again later.
Results
I was looking forward to the elections in October
38% - 89 votes
Postponement makes sense
47% - 109 votes
They should be later than February
15% - 34 votes
Vote