We'll tell you when you need to file, along with tax tips and updates.
Navigating around your Momentum tax certificate (IT3c)
Posted 12 May 2020
1. Opbrengs/Proceeds i.e the value that your shares were sold for. This amount needs to be entered as proceeds in the capital gains section of your tax return.
2. Basiskoste/Base Cost i.e the costs attached to the sale of your shares. This amount needs to be entered as the base cost in the capital gains section of your tax return.
3. Kapitaalwins of Verlies/Net Capital Gain or Loss. It is the difference between the base cost and the proceeds. You don't have to enter it in your return as it is automatically calculated.