Page 26 - F6 Slides (CGT,TT,ET AND PT)

Persons specifically excluded as qualifying

micro businesses

• persons with certain interests in other companies l

• persons mainly earning income from investments or professional services l

• personal service providers and labour brokers l

• persons with excessive capital receipts from disposing business assets

(more than R1,5 million over a period of three years) l

• certain company exclusions, for example where a shareholder is not a

natural person l

• certain partnership exclusions, for example if a partner is not a natural

person or if a partner is a partner in more than one partnership.