Capital Gains Tax (CGT) on Sales of Immovable Property
Selling land or other immovable property can be motivated by personal needs or to benefit from property appreciation, sometimes due ...
Tag: Income Tax Act
The 5% tax applies to parking/storage fees
The Income Tax Act (ITA) mandates a 5% withholding tax on any payments made for the use of land or ...
Fix income tax errors within 1 year
Generally, mistakes are common in everyone’s everyday dealings. Unlike any other error, a tax mistake or error may result in ...
No CGT exemption on company-owned houses
Generally, the Income Tax Act provides a tax relief for individuals who dispose of their houses. In such cases, the ...
Private societies and trusts pay tax
The private societies Basically, private societies relate to those organisations formed or created by private individuals, partnerships or private organisations. ...
Sold plot or farm ? Remember CGT !
The sale The sale of a plot or farm cannot be equated to everyday transactions relating to buying and selling ...
