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Married couples and CGT on sale of primary residence

Posted 28 September 2015 under Tax Q&A


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Sumi says:
28 September 2015 at 8:57

If a couple is married in community of property, does the Capital gain on the sale of their primary residence get split between the two on their tax returns (if the CGT profit is over R2 mil)?
i.e, do they each pay 50 % tax on the profit?

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TaxTim TaxTim says:
28 September 2015 at 10:38

Yes that is correct, the gain will be split between the couple with half on each tax return.


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