Zusammenfassung der Ressource
Donation tax
- Framework for calculating:
- Was property disposed of by a resident? (s.54)
- No
- Yes
- Was the property disposed of under any donation or deemed donation? (s.54, s.55 & s.58)
- No
- Yes
- Is the donation exempt from donation tax? (s.56(1))
- Yes
- No
- Is the donation a reasonable contribution towards maintenance of a person? (s.56(2))
- Yes
- No donation tax
- No
- Calculate TAXABLE donations = Total donations less annual exclusion ( non-natural=R 10,000 ; natural=R 100,000)
- Residual x 20%
- Payable at the end of the month following the month when donation takes effect
- Do not apply to non-residents
- CGT effect
- Should be included in base cost (par 22)
- Deemed donations
- Value of the property less consideration payable by the acquiree
- Property disposed of for consideration not appropriate as per Commisioner
- Specific exemptions (s.56(1))