Any Saffies who know about S.A. capital gains tax?


Just wondering if any of you have any idea how Capital Gains Tax is calculated on a house sale in South Africa?

In the UK there’s a 10K exemption and then it’s a percentage. Is it the same in South Africa? Any ideas of the exact figures involved? Or could you point me in the direction of some info on this?

Any info much appreciated.


I encountered this when I sold my flat in Cape Town but it was quite a few years ago so I’m a little hazy. As I remember, there is no set amount. Rather, the capital gain on the sale of the house is added to your taxable income for the year.

In my case, I wasn’t living there at the time so I wasn’t earning anything and my only taxable income for that year was the capital gain.