n Personal Finance Newsletter - Capital gains tax demystified : tax

Volume 2005, Issue 301
  • ISSN :



Extracted from text ... December 2005 5 CAPITAL Gains Tax (CGT) was introduced by Finance Minister Trevor Manuel during his Budget speech of 23 February 2000, bringing South Africa into line with many other international tax jurisdictions. Before the introduction of CGT, taxpayers were taxed on income, such as salary, rentals, and TAX By STEVEN JONES Capital Gains Tax demystified There are few taxes that cause more confusion amongst laymen than Capital Gains Tax. However, in its most basic form, it is conceptually not a difficult tax to understand. In this article, Moneyweb's Personal Finance lifts the veil... interest, but not on any ..

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