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TaxTim says: 1 November 2014 at 11:34 What are the details of the donation? |
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Thapelo says: 1 November 2014 at 12:33 market value of a capital asset (yacht): R 900 000 consideration received: R 600 000 acquisition and improvement costs: R 500 000 |
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Thapelo says: 1 November 2014 at 20:58 market value of a capital asset (yacht): R 900 000 consideration received: R 600 000 acquisition and improvement costs: R 500 000 |
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TaxTim says: 2 November 2014 at 12:49 How big is the yacht in feet? If under 10ft then there is no capital gains. However if you are receiving the yacht for less than the market value then there is donations tax on the difference over R100 000. |
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