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Capital gains tax
Only part of a capital gain is taxed. Take off the yearly exclusion, add 40% of what's left to your income, and it's taxed at your normal rate. The most anyone pays is 18% of the gain.
Capital gains taxR18,6009.3% of the gain
- Capital gainR200,000
- Less yearly exclusion-R50,000
- Net capital gainR150,000
- Added to taxable income (40%)R60,000
- TaxR18,600
How it works, with your numbers
- Gain: R500,000 sold − R0 selling costs − R300,000 cost − R0 improvements = R200,000.
- Less the yearly exclusion of R50,000: net gain R150,000.
- Individuals add 40% of the net gain to taxable income: R60,000.
- Tax on R400,000 + R60,000, less tax on R400,000 alone: R18,600.
Good to know
- The yearly exclusion covers all your gains and losses in the tax year together.
- Gains inside a tax-free savings account or retirement fund aren't taxed.
Uses SARS rates for the 2027 tax year. For illustration only. This is a guideline to help you plan, not tax advice: a registered tax practitioner must review and approve the final figures before you file.