FAQ Blog Calculators Students Logbook Contact
Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


Capital gains tax or income tax - forex trading

Posted 9 April 2017

Onlinecurious says:
8 April 2017 at 19:16

What's the difference between capital gains tax and income tax? Which of the two does retail forex trading fall under?

TaxTim TaxTim says:
9 April 2017 at 18:21

Forex Trading for the purposes of making a profit and not to hold as an investment will be treated as revenue, i.e. the same as if you are employed and earning a salary. Capital Gains tax is part of Income Tax, but it's taxed at a different rate. So the actual difference is between revenue and capital which both makes up income tax.

This entry was posted in Tax Q&A and tagged , , . Bookmark the permalink.





Submit your tax return right here!
Get started

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund
Answer simple questions about your incomes and expenses. TaxTim does the rest. Just click click, submit.

Make tax easy

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.