Page 29 - PowerPoint Presentation

ALLOWANCES & CAPITAL GAINS

GAMBLING, GAMES AND COMPETITIONS

• Capital gains and losses resulting from gambling,

games and competitions should be disregarded.

However, capital gains will not be disregarded

when:

• It is made by a person other than a natural person;

or

• When it is made by a natural person but is not

conducted in terms of the laws of the Republic.

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