Capital gains tax payment & declaration dates

[Paul T]

HI all, I feel like I should know the answer but I cannot locate any helpful literature - when I sell a property, and there is a taxable capital gain to declare, do I simply include this on the next return to declare the gain? Makes sense since there is no other way for me to include it in taxable income.

If the next return is the provisional return, then I would simply pay over the tax I have calculated, and then on the annual return, include it again, assuming nothing has changed.

Thanks all.

[EAB]

For provisional tax the following needs to be remembered:
First payment (Aug) - If you use the SARS estimate or higher then you don't have to include the CGT
Second payment (Feb) - If the estimated taxable income is more than R1mil you have to include the CGT

Yes, you will have to include it in your annual tax return.