Tax breaks for retirement funding

While there are very few tax breaks for individuals, some huge ones are available for retirement funding. Retirement tax breaks in South Africa are designed to incentivise individuals to save for retirement and provide them with tax relief on contributions to retirement funds.  The government has implemented various tax incentives over the years to encourage […]

Share Disposals: Calculating SARS’s slice

How to work out the taxable capital gain when disposing of share investments One of the underlying principles of Capital Gains Tax (CGT) is that a capital gain is normally determined as being the difference between the proceeds on sale of an asset, less the so-called ‘base cost’. Calculating the base cost is therefore critical […]