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What is the % of the profit payable by a natural person

Posted 17 September 2015 under Tax Questions



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Taxi says:
17 September 2015 at 7:51

I used the tax calculator, and according to the calculations, tax is only payable on 33. 3% of the profit. However, in the SARS guide to capital gains tax, it states that a the portion which a natural person would be taxed on, is 25%. (this is concerning fixed asset sold, not a primary residence. ) Is the 33. 3% correct?

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TaxTimTaxTim says:
17 September 2015 at 12:14

Yes, 33,3% of the capital gain (after deducting the R30,000 annual exclusion) is added to your taxable income.


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