ScholarLens Back to search
2006•Personal Finance NewsletterRequires access

Tax shock for corporate home-owners : tax

Steven Jones

Open publisher page 0 citations

Abstract

Extracted from text ... TAX INVESTMENT STRATEGY NEWSLETTER UNLESS you live in one of those fabulously opulent homes featured on Top Billing each week, you have probably not given Capital Gains Tax (CGT) too much thought. The reason for this is that the first R1.5 million of gains on the sale of your home is exempt from this tax. However, many people own their home through a CC, private company, or trust. The main reason was estate planning, although at one time there was a loophole (subsequently closed by SARS) under which such properties could be sold without incurring transfer duty. If this ..

About this research paper

What this paper is about

Extracted from text ... TAX INVESTMENT STRATEGY NEWSLETTER UNLESS you live in one of those fabulously opulent homes featured on Top Billing each week, you have probably not given Capital Gains Tax (CGT) too much thought. The reason for this is that the first R1.5 million of gains on the sale of your home is exempt from this tax. However, many people own their home through a CC, private company, or trust. The main reason was estate planning, although at one time there was a loophole (subsequently closed by SARS) under which such properties could be sold without incurring transfer duty. If this ..

Why it matters

A significance statement is not available in the OpenAlex record.

Key contribution

A contribution statement is not available in the OpenAlex record.

Method / approach

Method details are not available in the OpenAlex metadata.

Main findings

Findings are not separately available in the OpenAlex metadata.

Limitations

Limitations are not available in the OpenAlex metadata.

Applications

Application details are not available in the OpenAlex metadata.

Available abstract

Extracted from text ... TAX INVESTMENT STRATEGY NEWSLETTER UNLESS you live in one of those fabulously opulent homes featured on Top Billing each week, you have probably not given Capital Gains Tax (CGT) too much thought. The reason for this is that the first R1.5 million of gains on the sale of your home is exempt from this tax. However, many people own their home through a CC, private company, or trust. The main reason was estate planning, although at one time there was a loophole (subsequently closed by SARS) under which such properties could be sold without incurring transfer duty. If this ..

Key concepts: Business, Capital (architecture), Capital gains tax, Finance, Investment (military), Ad valorem tax, Double taxation, Law

Related papers

Related paper 1Related paper 2Related paper 3
Back to paper searchBrowse research topicsOriginal source
Tax shock for corporate home-owners : tax — Research Paper | ScholarLens