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CGT on sale of business

Posted 11 April 2016

ElaineG says:
9 April 2016 at 11:32

What CGT will be payable if you sell a business that you started in 2004 with a R3,000 loan, you now sell it for R5. 5 mil and pay a 10% commission.

TaxTim says:
11 April 2016 at 7:14

Yes you would have to pay CGT on the shares of the business you sold.

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

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