n Personal Finance Newsletter - Capital gains tax hiked : budget 2016

Volume 2016, Issue 422
  • ISSN :



GOVERNMENT HAS proposed that the Capital Gains Tax (CGT) inclusion rate for individuals be raised from 33.3% to 40% from 1 March this year. The inclusion rate for companies will rise from 66.6% to 80%. "This will raise the maximum effective Capital Gains Tax rate for individuals from 13.7% to 16.4%, and for companies from 18.6% to 22.4%," the Budget Review indicated. The annual amount above which capital gains become taxable for individuals will increase from R30 000 to R40 000, while the effective rate applicable to trusts will rise from 27.3% to 32.8%.

Loading full text...

Full text loading...


Article metrics loading...


This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error