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CGT on unit trust sale?

Posted 31 October 2013

Do all types of unit trusts attract capital gains tax when units are sold for cash withdrawal? Is there a yearly tax concession limit on investments such as unit trusts which is not taxable?

TaxTim TaxTim says:
31 October 2013 at 9:53

You are entitled to a have the first R30 000 of gains/losses on the sale of capital items such as shares or unit trust units disregarded each year and thereafter 33.3% of the remaining gain or loss is included in your taxable income.

Stefan says:
31 October 2013 at 10:59

Thank you, excellent explanation.

TaxTim TaxTim says:
31 October 2013 at 20:00

Only a pleasure! Glad I could assist!

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