Can I avoid CGT on the sale of EFTs if I move the proceeds directly into an RA.

By Marc Sevitz · Updated

Fusion

Fusion said:
26 November 2015 at 16:33

I am 61 yrs. Old. I have been investing in ETF's as a form of retirement savings since mid 90's. I would like to move my total EFT's into an RA. Would SARS allow me to do this without without having to pay CGT on the "sale" of my EFT's.
TaxTim Marc

TaxTim Marc said:
26 November 2015 at 17:08

Unfortunately not, when you dispose of the ETF it will trigger a capital gains which would need to be paid.