Capital Gains Tax Form Template for South Africa

A Capital Gains Tax Form helps South African taxpayers report profits made from selling assets like property, shares, or businesses to SARS. This IRP6(a) form captures details about your asset disposals, including the original purchase price, selling price, and any improvements or costs you've added over time.

When you submit this form, SARS calculates your capital gains tax at a rate of 40% of the net gain for companies, or up to 18% for individuals (as of 2023). The form is essential for your annual tax return and must include supporting documents like sale agreements and proof of improvements to justify your calculations.

Submit a Capital Gains Tax Form to SARS when you sell or dispose of assets that have increased in value. This includes selling property, shares, cryptocurrency, valuable artwork, or even transferring business assets. You need to file this form within the tax year when the sale happens - usually as part of your annual tax return.

For example, if you sell your holiday home for R2 million after buying it years ago for R1 million, you must report this R1 million capital gain. The same applies when disposing of investment shares at a profit or selling valuable collectibles. File the form immediately after the sale to avoid penalties and interest charges.

• Short-term trading form: Used for reporting gains from assets held less than three years, including shares and cryptocurrencies traded frequently
• Property disposal form: Specifically for real estate transactions, capturing improvement costs and exclusions for primary residences
• Business asset form: Details the disposal of company assets, goodwill, and intellectual property
• Investment portfolio form: For reporting multiple investment disposals throughout the tax year, including unit trusts and offshore investments
• Deemed disposal form: Used when assets are transferred without sale, like donations, death, or emigration from South Africa

• Individual Investors: Complete Capital Gains Tax Forms when selling shares, property, or valuable personal assets for profit
• Business Owners: Report gains from selling business assets, shares, or intellectual property as part of company tax obligations
• Tax Practitioners: Help clients calculate capital gains, complete forms accurately, and ensure compliance with SARS requirements
• Property Developers: Document profits from property sales and development projects
• Financial Advisors: Guide clients through tax implications of investment decisions and assist with form preparation

• Purchase Records: Gather original purchase price documentation, including transfer costs and agent fees
• Sales Documentation: Collect proof of sale price, date of disposal, and any related transaction costs
• Improvement Evidence: List all capital improvements made to the asset with supporting invoices and receipts
• Valuation Reports: Include professional valuations if the asset was acquired before 2001 or through inheritance
• Calculation Review: Double-check your capital gains calculations using SARS guidelines and tax tables
• Supporting Documents: Attach all relevant paperwork like sale agreements, bank statements, and broker confirmations

• Personal Information: Full name, tax reference number, and contact details as registered with SARS
• Asset Details: Description, acquisition date, and disposal date of the asset being reported
• Cost Base Section: Original purchase price plus allowable costs like transfer duties and improvement expenses
• Proceeds Section: Total amount received from the sale, minus direct selling costs
• Exclusions Declaration: Any applicable exemptions or exclusions under the Income Tax Act
• Calculation Summary: Final capital gain or loss figure with supporting calculations
• Declaration: Signed statement confirming the accuracy of information provided

The Capital Gains Tax Form and Anti-Facilitation of Tax Evasion Policy serve different but related tax compliance purposes. While both deal with tax obligations, they function quite differently in practice.

• Purpose: Capital Gains Tax Forms report specific asset disposal transactions to SARS, while the Anti-Facilitation Policy outlines company-wide procedures to prevent tax evasion
• Timing: CGT Forms are filed after specific transactions occur, whereas the Policy remains active continuously as an ongoing compliance document
• Legal Status: CGT Forms are mandatory tax submissions with direct tax implications, while the Policy is an internal governance document that demonstrates tax compliance commitment
• Content Focus: CGT Forms contain specific financial calculations and transaction details, whereas the Policy describes prevention measures, reporting procedures, and staff responsibilities