Consider the following scenario: you, or perhaps your client, owns a small business. The time has arrived, as with many small businesses, to sell - whether the business has reached a point where it requires a larger structure to grow, perhaps an opportunity to sell arose, or the owner and operator may just no longer be interested in conducting it - so CGT is on the cards. The CGT rules in the Eighth Schedule to the Income Tax Act provide for an exclusion. When will the owner qualify for this exclusion? In this episode, I share practical considerations regarding the exclusions I have encountered.

You can contact me at ⁠[email protected]⁠ if you have any feedback on the episode, would like to suggest a topic for a future episode or require tax advice.

My website contains more resources and articles that may interest you – ⁠https://tax.pvdz.co.za⁠. You are welcome to take a look!