oa De Rebus - Capital gains tax - expatriates exposed
|Article Title||Capital gains tax - expatriates exposed|
|© Publisher:||Law Society of South Africa|
|Affiliations||1 Tax Consultant, Cape Town|
|Publication Date||Nov 2002|
|Pages||53 - 54|
|Keyword(s)||Alienation of property, Cessation of residence, Double taxation agreement (DTA), Expatriate, Expatriates exposed, Physical presence test of residence, Primary residence exclusion and Tax residents|
Foreigners should bear in mind the taxation and, specifically, the capital gains tax (CGT) implications of working and living in South Africa (SA).It is doubtful whether the [s 12 deeming provision] is conducive to luring foreign workers to SA for periods of time in excess of three years, a country that has a critical shortage of skilled workers, especially in view of the fact that the legislation is unclear in many respects.
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