Tax & Marriage
Now to the serious bit.
You now have to declare that you are married on your tax form when you are completing your return.
- We don’t need to know when you were married (we don’t send Happy Anniversary cards)
- We do need to know the nature of your marriage; so was it
- In community of property
- Out of community of property
- We’ll also ask you for the details of your spouse
And it’s as simple as that. And year after year your tax form will show these details.
So once again, if you’ve just got married, congratulations from all of us at SARS.
The disposal of assets has capital gains tax
implications in the joint estate of spouses married in community of property.