Exclusion of R 40 000.00 of Capital Gains Tax
By Alicia Human · Updated
Two sisters bought an apartment. When they sell the apartment, capital gains tax is applicable. This is not a primary residence. Is the R40 000. 00 exclusion for both sisters on the total amount of the asset or for each sister in calculating their cut of the income?
They would each receive the R40 000 annual exclusion.