17 Nov About donations tax – would you give an investment as a gift?
Donations tax has rules and thresholds, just like other taxes
In South Africa we are subject to donations tax, so giving your money away may create a tax liability. Even giving gifts of investments may create a fair bit of paperwork.
However, some gifts or donations may be tax free.
Netto Invest’s Ian Beere was asked to comment about ‘gifts that keep on giving’ for an article in the Sunday Times. The article covered a range of financial ‘gifts’ from Lotto tickets and gold coins to shares, unit trusts and retail savings bonds.
Click here or on the image to read the article.