Basics of Capital Gains Tax for Corporates
Capital Gains Tax (CGT) has formed part of South African tax legislation since 2001, but navigating its calculation and application can still pose challenges for businesses. As every company holds assets and must account for gains or losses on their disposal, a clear grasp of CGT is essential for accurate tax compliance.
This webinar is designed to demystify the fundamentals of capital gains tax for corporates. We cover the key principles, highlight common pitfalls, and shed light on some of the more complex considerations relevant to the preparation and review of capital gains or losses during the annual assessment process.
This webinar gives you a practical understanding of:
- When CGT is triggered for corporates
- How CGT integrates into the broader corporate tax calculation
- The step-by-step process for calculating taxable capital gains or assessed capital losses
- The essential components of a basic CGT calculation
- How and where to disclose capital gains on the ITR14 Tax Return
- The impact of CGT on provisional tax estimates and payments
- This session is ideal for finance professionals, tax practitioners, and anyone involved in corporate tax compliance.
CPD/CPE: 2 hours
Duration: 2.00