Page 12 - F6 - Capital Gains Tax - Proceeds, Cost Price & Roll-Overs
P. 12
Example
Company A and Company B are connected persons in
relation to each other. Company A sells a fully
depreciated asset that was acquired at a cost of R100
to Company B for R100. The market value of the asset
at the date of disposal, was R120.
Explain the CGT consequences.
