What happens when you sell an asset at a profit?

Cuma
17 June 2024  | 1 response
Tax
What happens when you sell an asset at a profit?

Capital Gains Tax

Tax season email banner
Answered
Cedric Naiker
Cedric Naicker - Tax Supervisor
Call Visit website
15 June 2024

The profit causes a Capital Gain, which is added to your normal income and taxed as Capital Gains Tax (CGT).

Q&A

Do you have questions? Our experts are here to help.

Processing form
Other related questions View all
New tax legislation tax article Feature Story Square images May 2021

Who has to pay income tax?

1 March 2022
Questions & Answers

What is an IRP5?

28 February 2022
Questions & Answers
Tax Season 2024 11

What document must your employer issue at the end of every tax year

And what should you do if you haven't received it by the start of tax season?
20 June 2024
Questions & Answers
I want cover I need help