Capital Gains Tax Calculator

(*Remember to click reset button for every new calculation)
Original Purchase Date:	[e.g 01/11/2010]

Insert purchase price you have sold your property for:

Did you obtain a valuation as at 1 Oct 2001 If not, can you answer the following questions I did not keep records and unable to answer any questions

Insert the value of the documentary valuation you obtained as at 1 Oct 2001:

Expenditure on the property incurred before 1 Oct 2001 (*must be able to prove the value to SARS):
Sale price you achieved:
Number of years you owned the property before 1 October 2001:
Number of years you owned the property after 1 October 2001:

Less the price you originally purchased the property:
Less value of improvements you made to property (*must be able to prove the value to SARS):
Less the transfer costs you paid when you purchased:
Less the bond costs you paid when you purchased:
Less the Agents Commission you will pay upon the sale:
Less private advertising costs (if any):
Less bond cancellation costs and certificates of compliance (i.e electrical, beetle, plumbing, gas and electrical fence):
Base Cost:
NETT PROFIT:
20% of your (sale price less expenditure incurred on or after valuation date) will be deemed to be your base costs:
Is the property now being sold owned by: a natural person/s a Close Corporation a Company a Trust

Is the property your primary residence? (your home)
Have you ulitised your ANNUAL CAPITAL GAINS EXCLUSION of R40 000
How Many Natural Persons Own the Property:
Select your income tax bracket: R 1 – R 237 100 (18%) R 237 101 – R 370 500 (26%) R 370 501 – R 512 800 (31%) R 512 801 – R 673 000 (36%) R 673 001 – R 857 900 (39%) R 857 901 – R 1 817 000 (41%) R 1 817 001 and above (45%)

Capital Gains Taxable PROFIT:
40% of the Capital Gains Taxable Profit:
Your CGT payable :


This calculator relies on user input and Faurie Nell Incorporated cannot take responsibility for any errors or omissions in this regard. This calculator is intended to provide a general guide on the capital gains tax applicable to the sale of your immovable property only and is not intended as advice in respect of your total annual tax return and total annual capital gains tax liability which annual return will include information beyond the knowledge of Faurie Nell Incorporated. In the final instance please seek advice from a tax specialist advisor.
ACCEPT TERMS:

| |