Individuals and special trusts
|
0 – 189 880 |
18% of taxable income |
|
189 881 – 296 540 |
34 178 + 26% of taxable income above 189 880 |
|
296 541 – 410 460 |
61 910 + 31% of taxable income above 296 540 |
|
410 461 – 555 600 |
97 225 + 36% of taxable income above 410 460 |
|
555 601 – 708 310 |
149 475 + 39% of taxable income above 555 600 |
|
708 311 – 1 500 000 |
209 032 + 41% of taxable income above 708 310 |
|
R 1 500 001 |
and above 533 625 + 45% of taxable income above 1 500 000 |
Effective Rate of Capital Gains Tax
|
Rate at which tax will apply |
|
|
|
1 Mar 2016 – 28 Feb 2017 |
1 Mar 2017 – 28 Feb 2018 |
|
|
Individuals |
16.40% |
18.00% |
|
Companies |
22.40% |
22.40% |
|
Trusts |
32.80% |
36.00% |
Transfer Duty
|
Acquisition of property by all persons: |
|
|
Value of property (R) Rate |
|
|
0 – 900 000 |
0 |
|
900 001 – 1 250 000 |
3% of the value above R900 000 |
|
1 250 001 – 1 750 000 |
R10 500 + 6% of the value above R 1 250 000 |
|
1 750 001 – 2 250 000 |
R40 500 + 8% of the value above R 1 750 000 |
|
2 250 001 – 10 000 000 |
R80 500 +11% of the value above R2 250 000 |
|
10 000 001 and above |
R933 000 + 13% of the value above R10 000 000 |
Posted on: February 23rd, 2017
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.