Donations Tax on house sale to sister.

By Nicci Courtney-Clarke · Updated 31 January 2016

Eugene said:
30 January 2016 at 19:32

I plan on selling a fixed property worth R450 000 for R225 000. How much will the donations tax be?

TaxTim Nicci said:
31 January 2016 at 22:51

Who are you selling this to?

Eugene said:
31 January 2016 at 22:53

Hi

I plan on selling the property to my sister.

TaxTim Nicci said:
31 January 2016 at 22:54

Then the donations tax will be R225 000 less R100 000 which is tax free.

Eugene said:
31 January 2016 at 22:57

Will the donations tax I need to pay be R125 000? Or 20% of R125 0000, which is R25 000 in total?

TaxTim Nicci said:
31 January 2016 at 23:03

It will be 20% of the R125 000 as this is the amount over R100 000 which becomes taxable.