Realisation of trading stock is not capital

Issued by: Claire Densham Communications on behalf of: Dirk Kotze, Tax Partner, Mazars A recent Supreme Court of Appeal case decision once again brought the use of “realisation companies” in selling capital assets to the fore. Much has been said and written about the judgement, however, is the whole argument relating to a realisation company [...]

Escaping the higher capital gains tax rate

Barry Ger, senior manager for corporate tax at KPMG: A window of opportunity opens for some companies. If your company is thinking of selling any capital assets and its year end is not February or March there may be a window of opportunity to do it at the lower effective tax rate for a [...]