Provisional Tax on property sold

By Nicci Courtney-Clarke · Updated

Mike

Mike said:
3 July 2017 at 11:49

I sold property in March 2017 and it's an income earning property. Do I need to prepare a provisional tax return in August? Will I just include profits on the property?
TaxTim Nicci

TaxTim Nicci said:
3 July 2017 at 11:53

Yes, you should do IRP6 for August as there is a capital gain which would put you into the Provisional Taxpayer definition for this period.