Page 22 - F6 - Capital Gains Tax - Base Cost
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Valuation date

                                  1 Oct 2001




              Base Cost Of Pre-valuation Date Assets




             Asset  acquired before valuation date

             Historical cost: R100


             Sold for: R700


             Capital gain is R600 (R700 – R100)




             A portion of the gain of R600 refers to the pre-

                valuation date period and is not subject to CGT,


             but a portion of this gain of R600 refers to the post-
                valuation date period and is therefore subject to CGT.




             How should one determine which part of the R600 is


                subject to CGT?
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