Business 14.9.2018 08:31 am

Investment industry commends Treasury decision to withdraw tax proposals

Tax treatment of collective investment schemes will not change for now.

Investors in collective investment schemes in South Africa – unit trusts, exchange-traded funds and regulated hedge funds – enjoy two specific tax benefits. The first is that no tax is payable within the fund when the portfolio manager sells shares, bonds or other securities. The second is that when investors withdraw their money, it is taxed as a capital gain, not income.

Investment industry commends Treasury decision to withdraw tax proposals
Investment industry commends Treasury decision to withdraw tax proposals

Investment industry commends Treasury decision to withdraw tax proposals

Tax treatment of collective investment schemes will not change for now.

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