Question 1

How is capital gains tax calculated in South Africa?

Accepted Answer

Capital gains tax (CGT) in South Africa applies when you sell an asset for more than you paid. Individuals get a R40,000 annual exclusion, then 40% of the remaining gain is included in your taxable income and taxed at your marginal rate.

Question 2

What is the CGT annual exclusion in South Africa?

Accepted Answer

The annual exclusion for individuals is R40,000. This means the first R40,000 of capital gains in a tax year is tax-free. For the year of death, the exclusion increases to R300,000.

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