Amplats spin-off will net fiscus R18bn in capital gains tax

The mooted unbundling of Anglo American Platinum (Amplats) by Anglo American as part of the group’s biggest shake-up in a generation will attract about $1bn (R18bn) in capital gains tax (CGT) — a figure some of the group’s shareholders are not happy with.

Coronation, which holds shares in Anglo, said it was concerned about friction costs and capital gains tax associated with the break-up of the company…

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