Capital Gains Tax Rates and Exclusions | TradeAnswers

Capital Gains Tax Rates and Exclusions

Figures current at 27 September 2026. Source: TradeAnswers.

Inclusion rates and the effective maximum
Taxpayer	Inclusion rate	Highest marginal rate	Effective CGT rate
Individual	40%	45%	18%
Special trust	40%	45%	18%
Company	80%	27%	21.6%
Other trust	80%	45%	36%

Exclusions
Exclusion	Amount	Applies to
Annual exclusion	R50,000	Individuals and special trusts, each year
Exclusion in the year of death	R440,000	Replaces the annual exclusion
Primary residence	R3,000,000 of the gain	One residence, mainly used as a home
Small business assets	R2,700,000 lifetime	Owner aged 55 or older, or on ill health
Personal use assets	Full gain	Assets not held for investment

Inclusion rates and exclusions over recent years
Year	Individual inclusion	Company inclusion	Annual exclusion
2026/27	40%	80%	R50,000
2025/26	40%	80%	R40,000
2024/25	40%	80%	R40,000
2016/17, when last raised	40%	80%	R50,000

Tax on a gain, individual, after the annual exclusion
Gain	Included in income	At 26% marginal	At 36% marginal	At 45% marginal
R100,000	R24,000	R6,240	R8,640	R10,800
R250,000	R84,000	R21,840	R30,240	R37,800
R500,000	R184,000	R47,840	R66,240	R82,800
R1,000,000	R384,000	R99,840	R138,240	R172,800

Inclusion rates and exclusions across recent years
Year	Individual inclusion	Company inclusion	Annual exclusion	Maximum effective, individual
2026/27	40%	80%	R50,000	18.0%
2025/26	40%	80%	R40,000	18.0%
2024/25	40%	80%	R40,000	18.0%
2023/24	40%	80%	R40,000	18.0%
2022/23	40%	80%	R40,000	18.0%
2021/22	40%	80%	R40,000	18.0%
2020/21	40%	80%	R40,000	18.0%
2019/20	40%	80%	R40,000	18.0%
2018/19	40%	80%	R40,000	18.0%
2017/18	40%	80%	R40,000	18.0%
2016/17	40%	80%	R40,000	16.4%
2015/16	33.3%	66.6%	R30,000	13.7%
2012/13	33.3%	66.6%	R30,000	13.3%
2011/12	25%	50%	R20,000	10.0%

Data maintained by TradeAnswers · updated as the figures change