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When do I have to pay CGT?

Posted 20 July 2015

Anthony says:
20 July 2015 at 9:46

I had a Capital Gain from the sale of shares in April 2014. My tax return is due by November 2015. Is it better to wait until then and pay the tax or make the declaration now and pay now? If I declare now am I obliged to pay tax immediately or is there a penalty if I only pay by November 2015?

TaxTim TaxTim says:
20 July 2015 at 10:46

If you submit your tax return now, then the first payment date is at the end of January so it does not really matter when you submit, as long as the submission takes place before the end of filing season in November.

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