PAYMENT – CGT

When should it be paid?

CGT becomes payable on the date specified in the notice of assessment.
 
For the purposes of provisional tax a taxable capital gain is excluded from the “basic amount”. You will have to take into account any taxable capital gain that arose or will arise during the year of assessment in estimating your taxable income for provisional tax purposes. Likewise, a taxable capital gain must be taken into account when making any third “topping up” provisional tax payment.

How should it be paid?

Income tax, which includes CGT, is paid on assessment using the normal methods available for this purpose, such as through the eFiling system, via internet banking or by depositing the funds at a participating bank.
 
Please Note: SARS revenue branches no longer accept cash payments or Cheque payments. Cash payments to SARS can be made at a bank as indicated above.
 
The same methods apply to provisional tax payments.
 
Last Updated: 16/01/2017 12:55 PM     print this page
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