To see tax rates from 2014/5, see the Archive – Tax Rates webpage.
22 February 2023 – no change from last year:
| Type | 2024 | 2023 | 2022 |
|---|---|---|---|
| Individuals and Special Trusts | 18% | 18% | 18% |
| Companies | 21.6% | 21.6% | 22.4% |
| Other Trusts | 36% | 36% | 36% |
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.
