Page 30 - Capital Allowances Recoupments Part 1 (CTA)

Residential units (s 13sex)

- Acquired/erected on/after 21 October 2008

- new/unused residential unit owned

- used exclusively for purpose of trade

- situated in SA

- owns at least 5 units in SA (used for purposes of trade)

- Excluding: supply of new/unused low cost residential units for

occupation by employees who carry on a trade of mining.

See definition of "low-cost residential unit" in s 1

An apartment in a building vs a building (unit) on its own?

Note the new limits for disposals after 31 March 2013.

R300 000 (stand-alone unit)

R350 000 (apartment in a building)