Tag: Capital Gains Tax

Neill Hobbs | Founder and Director | Anuva Investments | neillh@anuvainvestments.co.za | www.anuvainvestments.co.za | Using a concept borrowed from the UK, SARS has written Section 12J...

In the 2017 Budget, delivered by the Minister of Finance, it was proposed that additional measures will be considered to circumvent transactions where investors choose to realise their share investments by means of having the shares they hold in a company bought back and characterised as a dividend, while being paid for by means of a new investor subscribing for shares in the same company. This followed on the back of a similar announcement in 2016, whereafter no two specific countermeasures were introduced.