Par 53 and par 15 flow diagram
Is it a trade asset (= or more than
50% for trade purposes)?
Gain = Take into account
Loss = Take into account
Yes
No
Is it used 100% for private
purposes?
No (> 50% but < 100%)
for private purposes
Yes
Is it a personal use
Asset (par 53(2))?
Yes
Gain = Disregard (par 53)
Loss = Disregard (par 53)
Yes
No
(Par 53(3))
Is it an aircraft > 450kg or
Boat > 10m?
Yes
Gain = Take into account
Loss = Disregard (par 15)
Is it a personal use
Asset (par 53(2))?
No
(Par 53(3))
No
Gain = Take into account
Loss = Take into account
Example:
Immovable property
(holiday home)
Gold coins (Kruger
Rands)
Financial instruments
(shares)
No
Is it an aircraft > 450 kg
or Boat > 10 m?
Yes
Apportion trade and
private gain (example:
30% trade, 70% private)
Private: 70 %
Gain = Take into account
Loss = Disregard (par 15)
Trade: 30%
Gain = Take into account
Loss = Take into account