Married couples and CGT on sale of primary residence
By Evan Robinson · Updated
If a couple is married in community of property, does the Capital gain on the sale of their primary residence get split between the two on their tax returns (if the CGT profit is over R2 mil)?
i.e, do they each pay 50 % tax on the profit?
i.e, do they each pay 50 % tax on the profit?
Yes that is correct, the gain will be split between the couple with half on each tax return.