by O'Hagan Attorneys | Mar 5, 2025 | tax
“I’ll tax the street, I’ll tax your seat, I’ll tax the heat, I’ll tax your feet.” (Adapted from Taxman by The Beatles) 1. Why do I have to pay CGT in the first place? Following a worldwide trend, South African authorities introduced CGT in 2001...
by O'Hagan Attorneys | Jan 31, 2023 | Economy, tax
“Finally, we pay tribute to the millions of South Africans, whose resilience and courage during these times of pandemic and economic hardship, is an inspiration to all of us who have the privilege to serve in the public sector.” (From the 2022 Budget Speech) Finance...
by O'Hagan Attorneys | Aug 30, 2022 | tax
1. What’s the difference between CGT and income tax? CGT is a component of your income tax. When you sell an investment, 40% of the profit is added to your income and taxed at your marginal tax rate. CGT can apply to shares, unit trusts, property, crypto currency and...
by O'Hagan Attorneys | Mar 30, 2022 | General Interest, tax
This article deals with a topic that should apply to everybody. Giving money to a loved one or a charitable cause that you care passionately about is one of life’s most rewarding acts. Key considerations Before we go into the pros and cons of the various ways of...
by O'Hagan Attorneys | Jan 28, 2022 | Economy, tax
Finance Minister Enoch Godongwana has invited the public to share suggestions on the 2022 Budget he is expected to deliver on Wednesday 23 February 2022. The Ministry of Finance: “As usual, the budget allocation always aims to strike a balance between competing...
by O'Hagan Attorneys | Jan 7, 2022 | Saving & Investing, tax
“The future of money is digital currency” (Bill Gates) If you are thinking of buying – or have bought – any “crypto asset” such as a cryptocurrency like Bitcoin, Ethereum, XRP, Tether, Polkadot (or any of the many other crypto currencies springing up all over...
