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
at highest marginal rate

 

 

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.