PROPERTY OWNED BY A CC - WHAT IS BEST, SELL THE CC OR THE PROPERTY
By Marc Sevitz · Updated
What is best from a tax point of view when selling property (vacant land selling price R1. 5m) owned by a CC:
1. Sell the property out of the CC, or
2. Sell the members' interest
You should sell the member's interest - the CGT on the sale will be less than the CGT on the sale by the CC and then the resultant dividends tax on payment to you the member.