Hide
Earn under R350,000? Click here to see why you still need to file to get your Tax Refund.
CLOSE
Get SARS Tax Dates and Deadlines in your Inbox
 

We'll tell you when you need to file, along with tax tips and updates.
Try Tim Now

What is the rate of tax for the sale intellectual property to a foreign company?

Posted 16 January 2015 under Tax Questions



Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
What is the rate of tax for the sale intellectual property to a foreign company?

This entry was posted in Tax Questions and tagged , , , . Bookmark the permalink.

TaxTimTaxTim says:
18 January 2015 at 20:13

Are you selling it as a company or individual?


Jerry says:
18 January 2015 at 20:27

I am an individual


TaxTimTaxTim says:
18 January 2015 at 20:28

The treatment would be a capital gain and therefore the rate would be 33.3% of the gain included which means the most you would be taxed is 13.3% at the highest marginal rate of 40%.


Get SARS Tax Dates and Deadlines in your Inbox
 

We'll tell you when you need to file, along with tax tips and updates.

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →