January 7, 2009
Bigger Capital Gain, Bigger Tax
Q DEAR BOB: I am writing for elderly friends who are selling the house where they lived for 20 years and now want to buy a smaller house. Their accountant advised them they will owe a huge tax, even after their $500,000 principal residence sale exemption. But I disagree, because they are buying a
Capirossi targeted in tax probe
ITALIAN motorcycling star Loris Capirossi has become the latest national sporting icon to be targeted for suspected tax evasion, it was reported on Saturday.
Durban the worst for submitting tax returns
Of the six million tax returns outstanding nationally at the end of February 2006 - nearly 47 percent were from KwaZulu-Natal, according to Sars.
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