On 10 February 2017, the South African Revenue Service (SARS) published an updated guide on the basics of capital gains tax for companies. The guide covers:

• Core provisions of capital gains tax (CGT);
• Determination of a capital gain or loss, including definitions of:
  • Asset;
  • Disposal;
  • Proceeds; and
  • Base cost;
• Determination of base cost for assets acquired before 1 October 2001 (the date CGT w…