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Thread: small Capital Gain loss not allowed?

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    Gold Member Houses4Rent's Avatar
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    small Capital Gain loss not allowed?

    I sold JIBAR linked unit trust funds and made a small loss of R742 when I sold. (I received quarterly interest on that and declared that interest)

    No I entered that CGT loss on efiling and hit the calculate button and it does not even appear anywhere and does not reduce my taxable income. Its a small impact I know, but it should still show or not. Any ideas?
    Houses4Rent
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    Site Caretaker Dave A's Avatar
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    I don't know if this is still the case, but back when I made a huge capital loss (quite a few years ago now), it could only be offset against a capital gain and not ordinary income
    The trouble with opportunity is it normally comes dressed up as work.

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    Gold Member Houses4Rent's Avatar
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    That would be unfair and typically SARS. They charge you for capital gain as part of your income, but its only a one way road.
    Houses4Rent
    "We treat your investment as we treat our own"
    marc@houses4rent.co.za www.houses4rent.co.za
    083-3115551
    Global Residential Property Investor / Specialized Letting Agent & Property Manager

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