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What is the capital gains tax implications on a donation?

Posted 31 October 2014 under Tax Q&A


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What is the capital gains tax implications on a donation?

This entry was posted in Tax Q&A and tagged , . Bookmark the permalink.

TaxTim TaxTim says:
1 November 2014 at 11:34

What are the details of the donation?

Thapelo says:
1 November 2014 at 12:33

market value of a capital asset (yacht): R 900 000
consideration received: R 600 000
acquisition and improvement costs: R 500 000

Thapelo says:
1 November 2014 at 20:58

market value of a capital asset (yacht): R 900 000
consideration received: R 600 000
acquisition and improvement costs: R 500 000

TaxTim TaxTim says:
2 November 2014 at 12:49

How big is the yacht in feet? If under 10ft then there is no capital gains. However if you are receiving the yacht for less than the market value then there is donations tax on the difference over R100 000.


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