What Is the Lifetime Gift Tax Exemption for 2018?
Transfers were originally scheduled to be permitted from March 1 last year, but the implementation date was postponed for a year to allow product providers to adapt their systems.
Is it possible to transfer tax benefits to another provider?
Piwe Tshombe, the personal income tax economist at National Treasury, says industry has had time to develop its systems to accommodate transfers, and product providers should be able to transfer benefits to another provider.
What are the new tax rates for 2018 / 2019?
â– Up to a turnover of 3% 750 000 0% 335 000 3% 750 000 0% 335 000 3% 750 000 0% 335 000 * Estates and consequently donations in excess of R30m will be taxed at 25% 4 NATURAL PERSON TAX RATES: 28 FEBRUARY 2019 TAXABLE INCOME RATES OF TAX
