Important tax change for married couples in South Africa

• The tax change limits the donation tax exemption between spouses where the receiving spouse is a non-resident for tax purposes. If the law passes, couples who donate assets to non-resident spouses will be subject to both Capital Gains Tax and Donation Tax.
• The change aims to prevent tax avoidance by couples transferring assets offshore, and will only affect high-net-worth emigration cases.
• If the law passes, couples who donate assets to non-resident spouses will be subject to both Capital Gains Tax and Donation Tax.