Yes, you qualify for the Capital Gains Exclusion relating to the disposal of small business assets on retirement.
You can deduct a once-off cumulative R1,8m exclusion from the capital gain you have made on the sale of your small business.
Please read our blog for further details.
No, you don't qualify for the Capital Gains Exclusion relating to the disposal of small business assets on retirement.
Your capital gain will be subject to capital gains tax as normal.
Please read our blog for further details.