CGT on unit trust sale?

By Marc Sevitz · Updated 31 October 2013

Do all types of unit trusts attract capital gains tax when units are sold for cash withdrawal? Is there a yearly tax concession limit on investments such as unit trusts which is not taxable?

TaxTim Marc said:
31 October 2013 at 9:53

You are entitled to a have the first R30 000 of gains/losses on the sale of capital items such as shares or unit trust units disregarded each year and thereafter 33.3% of the remaining gain or loss is included in your taxable income.

Stefan said:
31 October 2013 at 10:59

Thank you, excellent explanation.

TaxTim Marc said:
31 October 2013 at 20:00

Only a pleasure! Glad I could assist!