Tag: Section 12J
Section 12J Exit Taxes
Section 12J investors who are exiting their investments this year, will be liable for capital gains tax, even if the investment didn’t generate a return. Continue Reading
Section 12J Exit Strategy
As investors exit Section 12J investments this year, they face substantial capital gains tax obligations, even in cases where their investments did not yield any returns. This stems from the fact that all capital returned upon exit – including any profits – is subject to capital gains tax. Continue Reading
Section 12J Exit: Section 42 roll-over relief vs Section 12B solar investment
A common tax question which we are currently being asked by exiting Section 12J investors is which option is more appropriate to mitigate the Section 12J exit tax, namely, an investment in:
Section 12B tax-deductible investment explained
Section 12B of the Income Tax Act was introduced in 2016 with the intention of incentivising the private market to invest in various sectors of the economy through a tax benefit, one of the focus areas being renewable energy.
Section 12J Exit Options
For many South African taxpayers, the 30th of June 2021 marked the end of the highly popular Section 12J tax incentive.
