I need some assistance with the Tax implications of selling my 100% share in a CC.
Currently, lets say my members contribution is R100 (just an assumed figure). This amount isn't actual money I put in alone, but rather also the value of the time I spent building the CC and creating and adding to it ... time that wasn't paid by salary. I have essently created a Members Contribution as the Credit, and an Intangible Asset as a debit.
My question is this ... I am planning to sell the my share for R100 i.e. the equivalent value of my members contribution. Now, because this is the value of what I have "invested" in the entity ... is it tax exempt ... can the other company just buy the Interest for R100 and I don't have to worry about paying tax or what?