Capital Gains Tax (CGT)

Events that trigger 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
  • Instead of the annual exclusion, the exclusion granted to individuals is R300 000 for the year of death

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