Page 3 - P6 Slide Taxation - Lecture Day 3 - Donations Tax & Estate Duty.

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DONATIONS TAXNATIONS TAX

Introduction

• Donations tax is tax payable at a flat rate on the value of

property disposed of by donation (sections 54 to 64 of the

Income Tax Act, 1962).

• Donations tax is levied at a flat rate of 25% on the value of the

property donated.

• A donation is widely defined and includes property disposed of

for an inadequate consideration (section58).

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