Capital Gains Tax

Capital Gains Tax

No changes from last year:

Type 2022 2021 2020 2019 2018 2017 2016 2015

Individuals and Special Trusts 18% 18% 18% 18% 18% 16.4% 13.65% 13.32%

Companies 22.4% 22.4% 22.4% 22.4% 22.4% 22.4% 18.65% 18.65%

Other Trusts 36% 36% 36% 36% 36% 32.8% 27.31% 26.64%

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.