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


Change in asset value when converting company from a CC to a PTY

Posted 24 May 2016

Ksp said:
24 May 2016 at 13:29

When converting from a close corporation to private company, will movable assets cost value change in the books of the company. That is the book value in the close corporation at the end of tax year will now be the cost in the company commencement

TaxTim Alicia TaxTim Alicia said:
24 May 2016 at 15:17

No there should not be any change in the value.

This entry was posted in Tax Q&A 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.