Disposals between spouses

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[ht_message mstyle=”success” title=”” show_icon=”” id=”” class=”” style=”” ]If you are married in community of property, this will be treated as having made in equal shares for each spouse – and the primary residence exclusion will be shared between them.[/ht_message]

An example

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Husband​ Spouse​ Joint​
Proceeds​ ​R 3 000 000 ​R 3 000 000 R 6 000 000​
​Less base cost ​R 500 000 ​R 500 000 ​R 500 000
​Gain ​R 2 500 000 ​R 2 500 000 ​R 5 000 000
​Less exclusion ​R 2 000 000 R 2 000 000​ R 4 000 000​
​Capital gain ​R 500 000 R 500 000​ R 1 000 000​

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Assets of a couple married in community of property will be treated as having been made in equal shares if it forms part of the joint estate or solely by the spouse if it doesn’t form part of the joint estate.

[ht_message mstyle=”success” title=”” show_icon=”true” id=”” class=”” style=”” ]iReadTax Rates[/ht_message]

[ht_message mstyle=”alert” title=”” show_icon=”” id=”” class=”” style=”” ]For clarity visit SARS Page[/ht_message]



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