COMPARATIVE TAX RATES

* For tax years ending on or after 31 March 2023 the tax rate is reduced to 27%.
** Estates and cumulative donations in excess of R30 million will be taxed at 25%.

Disclaimer: The information in this article is an easy referenced overview of the South African Tax System and immovable property in South Africa. The information contained in this article is a summary of current property related information. Due to limitations in length, only key points on each topic are addressed. Words importing the masculine shall include a reference to the feminine and vice versa. We suggest that you do not act solely on material contained in this article as the nature of the information contained herein is general, and in summarised format, and may in certain circumstances be subject to misinterpretation. The information is provided with the understanding that no legal or professional advice is being rendered in this guide. We recommend that our advice be sought when encountering these potentially problematic areas. While every care has been taken in the compilation of this guide, no responsibility of any nature whatsoever will be accepted for any inaccuracies, errors, or omissions.