CH Consulting

Thinking of selling your home or investment property? Capital Gains Tax could take a bigger bite than you expect - especially if you're not across the rules. Did you know that donating a property or changing its use can also trigger CGT?

Or that the R2 million primary residence exclusion doesn't always apply in full? We break it all down in plain language in our latest video - including how the gain is calculated and what records SARS may ask for.

Worth watching before you do anything with your property.
🎥 https://youtu.be/OKDFIBmAu2I

A Tax-Free Savings Account could be one of the smartest financial moves you make - but only if you understand the rules. No tax on interest, dividends, or capital gains sounds great, right?

It is - until you exceed the contribution limits and face a 40% penalty from SARS. We've written a plain-language guide covering everything from how TFSAs work to the most common mistakes to avoid.

Give it a read before you contribute. 🔗 https://www.chconsulting.co.za/blog/understanding-tax-free-savings-accounts-in-south-africa/

Most people think SARS audits only happen to big earners or people doing something seriously wrong. The truth? Most audits are triggered by small, everyday mistakes that people don't even realise they're making.

We've put together a video covering the five biggest red flags - and more importantly, how to avoid them.

Whether you're an employee, freelancer, or crypto trader, this is worth a few minutes of your time. 🎥 https://youtu.be/S84ohoyuLYA

Did you know your tax residency status determines whether SARS can tax your worldwide income - not just what you earn in South Africa?

This is one of the most common areas where taxpayers get caught out, especially if you earn foreign income or trade crypto.

We've put together a straightforward guide that explains exactly how SARS determines residency and what it means for you.

Worth a read before tax season. 🔗 https://www.chconsulting.co.za/blog/tax-residency-in-south-africa/

🏘️ Are you about to sell a property? Read this first.

Capital Gains Tax (CGT) is one of those taxes that can catch South African property owners off guard - especially if it's their first time selling an investment property or navigating the rules around primary residences.

Here's the short version:
🔹 CGT applies to the profit you make on a property sale, not the sale price
🔹 Your primary home may qualify for a R2 million exclusion
🔹 If your property was rented out at any stage, that exclusion gets reduced
🔹 Allowable costs like renovations and transfer fees can reduce your CGT liability
🔹 Effective CGT rates for individuals max out at 18% (inclusion rate x marginal rate)
Whether you're a first-time seller or a seasoned property investor, understanding CGT can save you money - and prevent a nasty surprise at tax time.

👉 Read our full guide: https://www.chconsulting.co.za/blog/capital-gains-tax-property-south-africa/
Have questions about your specific situation? Book a call with us directly.

Quick question: When last did you check whether your tax return is audit-ready?

SARS receives data from your employer, bank, medical aid, retirement fund - and increasingly, from crypto platforms. If anything in your return doesn't match that data, it gets flagged.

Common problem areas include:
🔸 Forgetting to declare interest from multiple accounts
🔸 Claiming home office deductions without meeting all the requirements
🔸 Not disclosing crypto trades or staking income
🔸 Provisional tax estimates that don't reflect your actual income

The earlier you fix potential issues, the better.
📖 Full breakdown here: https://www.chconsulting.co.za/blog/common-red-flags-that-trigger-sars-audits-in-south-africa/

Good outcomes are built early.
Filing just makes them visible.

Book a call today: https://www.chconsulting.co.za/contact-us/

It only cares about what you submitted.

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Accuracy removes it quietly.
Book a call today: https://www.chconsulting.co.za/contact-us/

Software submits.
Professionals question.

Book a call today: https://www.chconsulting.co.za/contact-us/