OrbitaxSouth Africa Publishes Updated Guide on Valuation of Assets for Capital Gains Tax Purposes
|Approved Changes|South Africa
On 19 August 2015, the South African Revenue Service published the third edition of the Guide on Valuation of Assets for Capital Gains Tax Purposes. The guide covers:
- Methods for determining value of assets acquired before the valuation date (1 October 2001), which include:
- 20% × (proceeds less allowable expenditure incurred on or after valuation date);
- Market value; or
- Time-apportionment;
- M…
