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Capital Gains Tax (CGT)

No changes from last year:

​Type ​2022 ​2021 ​2020 ​2019​ 2018​ ​2017 ​2016 ​2015
​Individuals and Special Trusts ​18% ​​18% ​18% ​18% ​18% ​16.4% ​13.65% ​13.32%
​Companies ​22.4% ​​22.4% ​22.4% ​​22.4% ​22.4% ​22.4% ​18.65% ​18.65%
​Other Trusts ​36% ​36% ​36% ​​36% ​36% ​32.8% ​27.31% ​26.64%

 

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.

For more information see Capital Gains Tax (CGT).

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