Capital Gains Tax is a complex matter to understand. Capital gains tax (CGT) is not a separate tax but forms part of income tax. A capital gain arises when you dispose of an asset on or after 1 October 2001 for proceeds that exceed its base cost. The relevant legislation is contained in the Eighth Schedule to the Income Tax Act 58 of 1962.

During this course, we are going to unpack CGT on a more advanced level.

Topics Discussed:

• Income tax framework
• Capital gains tax structure
• Capital vs. revenue
• The eight schedule
• Taxable capital gains and assessed losses
• Disposal and acquisition of assets
• Limitation of losses
• Base cost
• Proceeds
• Primary residence exclusion
• Impact of CGT on the income tax calculation

All Included:

• Video presented course
• Downloadable course material
• Certificate of training
• Assessment (optional)
• SAIT Accredited - 2 verifiable CPD points