Capital Gains Tax for Individuals 2026/2027

The arithmetic

For individuals, 40% of the net capital gain (after the annual exclusion) is included in taxable income. At a 45% marginal rate the maximum effective CGT rate is 18%. Companies and ordinary trusts use higher inclusion rates. Source: SARS Budget 2026 FAQs.

Annual exclusion is now R50,000

For 2026/2027 the annual exclusion is R50,000 of gain or loss (it was R40,000). The exclusion in the year of death is R440,000. Do not use last year’s R40,000 on a 2027-year calculation.

What a bank deposit is

EasyEquities, Satrix, a crypto off-ramp, or a property proceeds deposit is usually gross proceeds — not the gain. You need base cost (what you paid, including allowable costs). Taxzi flags investment platforms as REVIEW. We do not treat the whole credit as a deductible “expense” or as the taxable gain.

Primary residence

A qualifying primary residence has its own exclusion, with size and use tests. A place you rented out, or a sale of an interest in a partnership asset that is not a primary residence, is ordinary CGT. The 2026 return added partnership disposal lines for non-primary-residence assets.

Questions

What is the CGT annual exclusion for 2026/2027?

R50,000 for individuals (Budget 2026).

What is the maximum effective individual CGT rate?

18% (40% inclusion × 45% marginal).