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Joseph says: 3 May 2016 at 7:55 My brother owns half of a property and myself the other half. My brother lives in Australia, and want to donate his part of the property to me, as he is a citizen in Australia now. Must he declare the donation to Australian revenue service or by SARS? Will SARS charge me donation tax or how will it work? |
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TaxTim says: 3 May 2016 at 10:57 Is the property in South Africa? |
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Joseph says: 3 May 2016 at 11:30 yes, the property is in South Africa. |
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TaxTim says: 3 May 2016 at 13:41 Donations tax is payable by the donor and not the recipient. Please read our blog on Donations Tax which should clarify how it is calculated, and how to declare it to SARS. |
