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Method of donating money that results in lowest tax

Posted 3 March 2016

Sarah says:
3 March 2016 at 8:29

I want to give a family member one million rand as a gift. What is the best way to do that so that she pays the least amount of tax on this amount?

TaxTim TaxTim says:
3 March 2016 at 9:00

You will be the one subject to Donations Tax at a rate of 20% over the first R100 000.

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