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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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TaxTim says: 4 November 2015 at 20:44 Yes you will be - did you pay any tax in the UK? |
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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? |
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TaxTim 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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