SARS Donations Tax 2014

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<h2>The South African Revenue Service Donations Tax 2014</h2>

 

Donations Taxation in South Africa Information

 

Donations tax is levied at a flat rate of 20% on the value of property donated. The first R 100,000 of property donated in each year by a natural person is exempt from donations tax.

In the case of a taxpayer who is not a natural person, the exempt donations are limited to casual gifts not exceeding R10,000 per annum in total.

Dispositions between spouses and donations to certain public benefit organisations are exempt from donations tax.

 

If you have any questions relating to these exemptions / deductions please contact us on 011 447 8823 Today to speak to a consultant for FREE.