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Is a UK property sale liable for SA CGT

Posted 5 November 2015 under Tax Questions



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Intrepid_Froot says:
4 November 2015 at 10:20

I've recently sold a property in the United Kingdom, and transferred the proceeds thereof over to South Africa. I'm a South African citizen, registered with SARS. Am I liable to pay capital gains tax here in SA?

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TaxTimTaxTim says:
4 November 2015 at 20:44

Yes you will be - did you pay any tax in the UK?


Intrepid_Froot says:
5 November 2015 at 9:38

The sale in the UK does not require a CGT payment, thanks to regulation brought in this April for non-resident property owners.
What is the rate I should brace myself to pay in SA CGT?


TaxTimTaxTim says:
5 November 2015 at 15:14

You would include 1/3 of the gain in your income which then gets taxed at your marginal rate.


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