n Farmer’s Weekly - Dealing with clogged losses : business - tax advice
|Article Title||Dealing with clogged losses : business - tax advice|
|© Publisher:||Caxton Magazines|
|Publication Date||Jan 2016|
Since 2001, capital gains have been taxable in South Africa. Prior to that, capital, being essentially after-tax money, was untaxed. Of course, if the seller deals regularly in the type of assets sold, the transaction could be deemed income, but that's another discussion entirely
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