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Donations tax to my sister

Posted 23 February 2016

Frank says:
22 February 2016 at 19:35

Hi Tim I recently bought my sister a car to the value of R150k, do I pay 20% donation tax on the full amount?

TaxTim TaxTim says:
23 February 2016 at 9:58

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.

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