Capital Gain Tax on Sale of Shares by a Non Resident ?
By Marc Sevitz · Updated
I am a non resident having Investment in Shares of a closely held company in south africa. Now I want to sell my shares to a Registered South African Company. Will this sale of shares attract Capital Gain Tax?
What did the company do as it's business?
It is a Media Company.
As a non-resident you will not be subject to CGT as the sale does not relate to a property transaction.