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Eugene says: 30 January 2016 at 19:32 I plan on selling a fixed property worth R450 000 for R225 000. How much will the donations tax be? |
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TaxTim says: 31 January 2016 at 22:51 Who are you selling this to? |
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Eugene says: 31 January 2016 at 22:53 Hi I plan on selling the property to my sister. |
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TaxTim says: 31 January 2016 at 22:54 Then the donations tax will be R225 000 less R100 000 which is tax free. |
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Eugene says: 31 January 2016 at 22:57 Will the donations tax I need to pay be R125 000? Or 20% of R125 0000, which is R25 000 in total? |
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TaxTim says: 31 January 2016 at 23:03 It will be 20% of the R125 000 as this is the amount over R100 000 which becomes taxable. |
