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WHAT ARE THE EXEMPTIONS FROM CGT?

WHAT ARE THE EXEMPTIONS FROM CGT?

By

kcrbsd

Posted in On May 2, 2020
  • The principle place of residence of an individual, provided that it has been owned by the individual continuously for the last 3 years before disposal and lived in at least 2 years of those 3 years (calculated on a daily basis).
  • If the profit/gain is less than 50,000 and if the total profits gained within the year (through multiple gains) is less than 600,000
  • Investment asset realised in two or more parts
  • Realisation of investment asset that is jointly owned
  • A property or land gifted to blood relations
  • Trading stock or depreciable asset

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