This guide does not constitute an “official publication” as defined in section 1 of the Tax Administration Act 28 of 2011 (“TA Act”) and does not create a practice generally prevailing under section 5 of that Act. It is also not a binding general ruling under section 89 of Chapter 7 of the TA Act.
The guide covers the following topics relating to shareholding in detail:
Find a copy of the guide here.
The guide examines:
- The tax consequences of holding shares as trading stock compared to holding them as capital assets;
- How to distinguish between profits of a capital and revenue nature using common law principles and statutory rules;
- The determination of a taxpayer’s liability for capital gains tax;
- How dividends are taxed; and
- Various corporate actions that can impact on the determination of a person’s liability for tax.
The guide covers the following topics relating to shareholding in detail:
- Income tax v capital gains tax
- Capital v revenue
- Income tax
- Capital gains tax
- Corporate restructuring events
- Death
Find a copy of the guide here.
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