Capital Gains Tax how does this affect you on the Sale Of Your Property

One of the most frequent questions asked on the sale of a property relates to the payment of capital gains tax.

Please note the following:

NO Capital Gains tax is payable on the sale of your primary residence, provided you have not made a capital gain in excess of one million, five hundred thousand (1 500 000) rand on the sale thereof.

Capital Gains Tax is NOT paid on registration of transfer of your property the capital gain made on the sale of your property is merely reflected on your income tax return for that particular tax...