Page 19 - F6 Slides (CGT,TT,ET AND PT)

Disposal of small business assets exclusion

• This exclusion of any capital gain up to R1,8 million is available only to

a natural person , made on the disposal of l

an active business asset of a small business owned by him as a sole

proprietor, or l interest in each of the active business assets of a partnership

, to the extent of his interest in the partnership, or l

an entire direct interest, which consists of at least 10% of the equity of a

company , in as far as that interest relates to assets of that company

qualifying as active business assets .