Use your capital gains tax exemption As an investor, you are granted a R40 000 capital gains tax (CGT) exemption per year in respect of events that trigger a disposal of assets, which includes the sale of unit trusts. Although it is never ideal to be disinvested if your intention is to invest for the long term, investors may find merit in switching from an invested fund to cash, and then back into an invested fund without attracting CGT - provided that the gain is no greater than R40 000...