Capital gains tax
A disposal worked through the annual exclusion and the 40% inclusion rate, then taxed at your marginal rate.
Your disposal
Sets the rebates for the marginal rate.
R
What you sold the asset for.
R
What it cost you, plus qualifying improvements.
R
Sets the marginal rate the gain is taxed at.
Primary residenceApplies the R2 000 000 primary-residence exclusion.
Your CGT
Capital gain- Capital gain
- R 0
- Taxable capital gainAfter the annual exclusion and 40% inclusion.
- R 0
- CGT payable
- R 0
The first R40 000 of net gain each year is excluded, then 40% of the rest is included in taxable income and taxed at your marginal rate. Multiple disposals and assessed losses are handled in the full workspace.
Need the whole picture, with deductions, multiple incomes and a shareable report?