Short description
Capital Gains Tax was introduced into South African law on 1 October 2001. It is a radical departure from earlier rules in that, previously, gains of a capital nature were tax free. They will no longer be.
Long description
Capital Gains Tax is a new tax introduced into South African law on 1 October 2001. It is a radical departure form the past in that, previously, gains of a capital nature were tax free. They will no longer be. But it is also a complex tax to understand, monitor, plan for, compute and administer. And it affects everyone with assets, not only the super-wealthy; as well as everyone in the loop of financial or tax advice.