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Thread: Capital gains tax calculation -please help

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  1. 07-Oct-14, 06:15 PM #11
    Basment Dweller
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    Quote Originally Posted by Odwa View Post
    Yes.

    Proceeds less Base Cost = Capital Gain x 66.6% = Taxable capital gain
    So R2 450 000 - R1 358 000 = R1 092 000 * 66.6% = R727 927.2 * 28%= R203 819.616

    R2 450 000 - R203 819.616 = R2 246 180.38 net profit to business

    So dividends will be

    R2 246 180.38 * 15% = R336 927.057

    R2 246 180.38 - R336 927.057 =R 1 909 253.32

    So from a R2 450 000 sale SARS take R 540 746.61 and shareholers get R 1 909 253.32

    Is this correct?
    Last edited by Basment Dweller; 07-Oct-14 at 06:50 PM.
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