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Christo Lessing

Telephone: 082 926 3626

E-mail: christol@mirrorsa.co.za

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Transfer duty

 Transferee                                2011/12
 Value of property
 R0           - R600000     0%
 R600001   - R1000000   3% on value above R600000
 R1000001 - R1500000    R12000 + 5% on value above
                                   R1000000
 R1500001 and above      R37000 + 8% on value above
                                   R1500000
 
Capital Gains Tax

 Person                Inclusion rate%         Max effective rate%
                            2010/11  2011/12         2010/11  2011/12
 Natural persons     25          25                  10           10
 Special trusts        25          25                  10           10
 Other trusts          50          50                  20           20
 Companies            50          50                  14           14

 Exclusions                                         2010/11      2011/12
 Primary residence
 Capital gain or loss, Or                   R1.5m          R1.5m
 Gross value not exceeding               R 2m            R 2m
 Annual exclusion                            R17500        R20000
 Year of death                                R120000       R120000
 Small business exclusion for
 individuals over 55                         R750000       R900000
 
VAT

                                                   2010/11      2011/12
 Rate                                               14%            14%
 Registration threshold:
 Compulsary                                   R1000000    R1000000
 Voluntary                                        R50000       R50000
 
Donations Tax

                                                    2010/11      2011/12
 Rate                                                 20%           20%
 Annual exemption
 Natural persons                              R100000      R100000
 Other                                             R10000       R10000
 
Estate Duty

                                                    2010/11      2011/12
 Rate                                                20%           20%
 Abatement                                      R3.5m        R3.5m
 
 
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