Tax on a donation between brothers
By Alicia Human · Updated
My brother owns half of a property and myself the other half. My brother lives in Australia, and want to donate his part of the property to me, as he is a citizen in Australia now. Must he declare the donation to Australian revenue service or by SARS?
Will SARS charge me donation tax or how will it work?
Will SARS charge me donation tax or how will it work?
Is the property in South Africa?
yes, the property is in South Africa.
Donations tax is payable by the donor and not the recipient. Please read our blog on Donations Tax which should clarify how it is calculated, and how to declare it to SARS.