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ALLOWANCES & CAPITAL GAINS

Scope of CGT

• Immovable property situated in SA

• An interest in immovable property situated in SA, as long

as:

• At time of disposal, at least 80% of the gross market

value of the interest is ascribed to the immovable

property (excluding property held as trading stock); AND

• The person and his connected persons (directly or

indirectly) (that are either residents or non-residents)

hold at least 20% of the equity share capital (equity

shares) of the company; or

• Assets ascribed to a permanent establishment in SA;

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