Capital Gains Tax: The Basics Explained Self-Study Course

This course introduces Capital Gains Tax (CGT) in a simple, practical way for South African taxpayers. It explains what CGT is, when it applies, how to identify a “disposal,” how to calculate a capital gain or loss, and how CGT fits into normal income tax for individuals and companies. The course focuses on everyday CGT events—like selling property, shares, or a business asset—and the key concepts learners need to avoid common mistakes.

Who will benefit

• Individuals who own or plan to sell property, shares, crypto, or other investments
• Small business owners disposing of business assets or part of a business
• Junior accountants, bookkeepers, and trainee tax practitioners
• Anyone who wants CGT clarity without getting overly technical

TOPICS DISCUSSED:

• What CGT Is — And What It Isn’t
• Capital vs Revenue — The Starting Point
• The CGT Trigger — What Counts as a “Disposal”?
• CGT Building Blocks — Proceeds, Base Cost, and Capital Gain/Loss
• Worked Example: Shares/Investments
• Worked Example: Property
• Exclusions and Relief — The Big Ones to Know
• Capital Losses and Ring-Fencing Concepts
• CGT for Individuals vs Companies (and a Note on Trusts)
• SARS Reporting and Common CGT Mistakes