Capital Gains Tax Flashcards
1
Q
How can assessed capital losses be carried forward?
A
To be deducted from capital gains tax
2
Q
How are non-residents taxed?
A
On disposal of immovable property in SA and assets of a SA permanent establishment
3
Q
What are inclusion rates?
A
The taxable portion of net capital gain
4
Q
What are annual exclusions?
A
Amount excluded from taxable capital gains
5
Q
When are annual exclusions applied?
A
Before inclusion rate
6
Q
What is rollover relief?
A
Where capital gain is allowed to be recognised in a later year
