Donations tax to my sister
By Marc Sevitz · Updated
Hi Tim I recently bought my sister a car to the value of R150k, do I pay 20% donation tax on the full amount?
There is an annual exemption of R100,000 per taxpayer per year - therefore you would pay on R50,000 X 20% = R10,000.
Please read our blog on Donations Tax for further clarification.
Please read our blog on Donations Tax for further clarification.