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capital-gains
Navigating around your Easy Equities tax certificate (IT3c)
1. This is the gross base cost of all shares you bought through the institution. You must NOT use this value on your return.2. This is the base cost i
Read moreNavigating around your Allan Gray tax certificate (IT3c)
1. This is the proceeds i.e the value that your shares were sold for. This amount needs to be entered as proceeds in the capital gains sectio
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How home office deduction impacts Capital Gains Tax
With “flexible” employment being the new buzzword, more and more people are working part or all of the week from an office in their home.(endpreview
Read moreCapital Gains and Losses: which source codes to use?
In the Capital Gains section of the annual tax return (ITR12), SARS requires you to insert the relevant asset source code for the item you have sold. Howe
Read moreNavigating around your Capital gains tax certificate (IT3C)
If you have shares (financial instruments) , there is important information on your IT3C tax certificate which needs to be included in your tax return
Read moreNavigating around your Investec investment tax certificate (IT3c)
1. This is the proceeds i.e the value that your shares were sold for. This amount needs to be entered as proceeds in the capital gains section
Read moreNavigating around your Momentum tax certificate (IT3c)
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
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Do I earn enough to have to pay tax?
Why must I pay tax, I don’t earn enough! Will I get a penalty if I don’t disclose all my income to SARS?(endpreview) These questions are common and
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Capital Gains Tax (CGT) Top Questions
Below we take a look at Capital Gains Tax, particularly relating to the primary residence exclusion. What we’ve covered are some of the most pressing ques
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Budget Speech: VAT rises by 1%, predictions were correct!
Taxpayers should breathe a sigh of relief as a much lower than expected R36bn in increased taxes was announced by the once-off Minister of Finance. The biggest
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2017/2018 Budget - The rich are going to pay more, but what does that mean for the rest of us?
Personal Tax Rates (rates below) Individuals across the country, those qualifying above the new tax threshold of R75 750 (previously R75 000) will be
Read more2016 Budget Speech: Welcome Back, Minister! You Couldn’t Have Returned Just for the Free Lunch?
The 24th of February 2016 was supposed to be a watershed moment for the Economy of South Africa. The old-new Minister of Finance, Pravin Gordhan, was to deliver
Read more2016/2017 Tax Tables
Income Tax Tables for the 2017 Tax Year - 1 March 2016 to 28 February 2017 Income Tax Thresholds Tax Year 2016 (1 March 2015 to 29 February 2016)
Read moreSARS Tax Tables 2015
Tax Thresholds: Tax year 1 March 2014 to 28 February 2015 Tax year 1 March 2015 to 28 February 2016 Below age 65 R70 700 Below age 65 R73 650
Read moreThank you Minister – we expected worse! 2015 Budget
New Finance Minister Nene delivers his first budget with some “better than expected” tax increases. The fight against corruption was highlighted wit
Read more2014 Budget – A move to economic transformation
In delivering what could possibly be his last annual budget and perhaps in an election year a very pragmatic one, Minister Pravin Gordhan painted a rather posit
Read moreGarnishee orders explained: How SARS can deduct penalties directly from your pay cheque and how to stop it
The last days of the month are often the most exciting for employees as they look forward to spending their monthly pay cheques. Unfortunately for many taxpayer
Read moreSARS is asking for more documents. Are they auditing me?
For most people upon submission of their year-end income tax return, either nothing much will happen or a refund will be due, this being paid back within a matt
Read moreSouth African budget 2012/2013 – “Tax by stealth”
Eagerly anticipating the budget this year and forever the optimist, Finance Minister Pravin Gordhan started off well: R9.5bn of individual tax savings and reven
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