Individuals 18% (2021, 2020)
Special Trusts 18% (2021, 2020)
Companies 22.4% (2021, 2020)
Trusts 36% (2021, 2020)
Capital Gains Tax: Events that trigger a disposal include a sale, donation, exchange, loss, death and emigration.
The following are some of the specific exclusions:
- R2 million gain or loss on the disposal of a primary residence;
- most personal use assets;
- retirement benefits;
- payments in respect of original long-term insurance policies;
- annual exclusion of R40 000 capital gain or capital loss is granted to individuals and special trusts;
- small business exclusion of capital gains for individuals (at least 55 years of age) of R1.8 million when a small business with a market value not exceeding R10 million is disposed of; and
- instead of the annual exclusion, the exclusion granted to individuals is R300 000 for the year of death.
