n Tax Breaks Newsletter - Capital gains tax tab calculator

Volume 2006, Issue 248
  • ISSN :



Extracted from text ... CAPITAL GAINS TAX TAB CALCULATOR WHEN determining, for capital gains tax purposes, the valuation date value of assets acquired before 1 October 2001, the timeapportionment basis (TAB) is one of several methods that can be used. The other methods are market value on valuation date, 20 per cent of proceeds and weighted average. According to the SA Revenue Service, "Many taxpayers and their advisers have experienced difficulty in correctly applying the TAB formulae in terms of paragraph 30 of the Eighth Schedule to the Income Tax Act". To assist, SARS has released a beta version of a basic TAB calculator ..

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