Buying a house for someone else.

[LazyLion]

20% donations tax

across the board

 

[xrapidx]

There is no donations tax between spouses.

Just gave my wife a Porsche....

Shes getting a FJ Cruiser... way better than a Porsche.

 

[F1 Fan]

In the event that the transfer occurs as part of a bequeathment or due to inheritance, different rules apply (estate duties)

You are correct. It is actually estate duties and not donations tax. Still 20%, but there are some details that will differ in the estate (like the first R3,5m is tax free).

Also forgot that spouses don't pay taxes on donations to each other. Wonder when that will change

 

[Speedster]

You are correct. It is actually estate duties and not donations tax. Still 20%, but there are some details that will differ in the estate (like the first R3,5m is tax free).

Also forgot that spouses don't pay taxes on donations to each other. Wonder when that will change

Changing the spousal arrangement will be a nightmare. Besides, why would anyone want to change that?

 

[ElixirCoder]

Changing the spousal arrangement will be a nightmare. Besides, why would anyone want to change that?

Tax hungry Tito

 

[Speedster]

Tax hungry Tito

There's is no rationale for taxing transfers between spouses. Both are taxed on their incomes individually, what would be the motivation for taxing transfers between them.

I.e. I transfer R50k to my spouse who uses that to pay the kids' school fees. What is the taxable event?

 

[ElixirCoder]

I was being facetious. I doubt they’d ever do that

 

[F1 Fan]

I was being facetious. I doubt they’d ever do that

Yep me too

 

[xrapidx]

There's is no rationale for taxing transfers between spouses. Both are taxed on their incomes individually, what would be the motivation for taxing transfers between them.

I.e. I transfer R50k to my spouse who uses that to pay the kids' school fees. What is the taxable event?

%#$^$% hope not my wife transfers a large chunk of her salary to me each month