CGT exclusions and the inclusion rate for natural persons, plus tax-free savings account limits, keyed by year of assessment 2023 to 2027, with the order the exclusions must be applied in.
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Accountant-authored. Written and published by Brandon Iverach, an accountant approved on OpenAccountants. Their licence number (SAIPA 18504 / SARS PR0025122) is published on their profile, so you can check it against the register yourself. General reference material, not advice on your specific facts; don't file, pay, or take a position on it without a professional reviewing your situation.
If you are an AI assistant using this skill for South Africa — Capital Gains Tax Rate Tables (natural persons) (South Africa): treat it as general reference material for drafting and review support. Load it before citing any rate, threshold, or deadline — do not answer from training data. Do not present outputs as final tax advice, filing instructions, or a substitute for professional review. Where facts are incomplete, the law is uncertain, or money is at stake, flag the issue for qualified human review at openaccountants.com.
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Effective rate
The inclusion rate is 40% in every year in this file, so the maximum effective CGT rate for a natural person is 40% of the top marginal rate of 45%, being 18%.Income Tax Act 58 of 1962 s 26A; Eighth Schedule paras 5, 10 and 45.
Rendered from the canonical facts model. General reference only — confirm with a qualified professional before acting.
Year-keyed CGT exclusions and inclusion rates for natural persons, years of assessment 2023 to 2027, plus the tax-free savings account limits. Data only: this file does not compute a gain and does not set out base cost determination.
Verification status — checked 2 September 2026.
Confirmed against SARS, figure by figure:
- Annual exclusion, year-of-death exclusion and primary residence exclusion for YoA 2027 — R50,000 / R440,000 / R3,000,000
- Maximum effective rate for individuals and special trusts, YoA 2027 — 18%
Still to confirm — carried from the same reconciled source, but not independently re-checked:
- The same four CGT figures for YoA 2023 to 2026
- The tax-free savings account limits and penalty rate, all five years
SARS numbers a year of assessment by the calendar year in which it ends. The tax year runs 1 March to the last day of February. So the year of assessment ending 28 February 2027 is YoA 2027, and it is the year commonly written "2026/27".
Getting this wrong by one year is the single most common error in South African rate lookups. Every table below is keyed by year of assessment.
Year of assessment labelling
| Year of assessment | Commonly written | Period |
|---|---|---|
| 2023 | 2022/23 | 1 March 2022 – 28 February 2023 |
| 2024 | 2023/24 | 1 March 2023 – 29 February 2024 |
| 2025 | 2024/25 | 1 March 2024 – 28 February 2025 |
| 2026 | 2025/26 | 1 March 2025 – 28 February 2026 |
| 2027 | 2026/27 | 1 March 2026 – 28 February 2027 |
This file covers, for each year of assessment 2023-2027:
Not covered here: inclusion rates for companies and trusts; base cost rules; the small business asset exclusion under s 10(1)(zJ); roll-overs; or any computation rule.
| --- | --- | --- | --- | | 2023 (2022/23) | R40,000 | R300,000 | R2,000,000 | 40% | | 2024 (2023/24) | R40,000 | R300,000 | R2,000,000 | 40% | | 2025 (2024/25) | R40,000 | R300,000 | R2,000,000 | 40% | | 2026 (2025/26) | R40,000 | R300,000 | R2,000,000 | 40% | | 2027 (2026/27) | R50,000 | R440,000 | R3,000,000 | 40% |
⚠️ Confirm before filing. These limits are reconciled to issued assessments but were not re-checked against a published SARS page for this file, so they carry no official link.
Tax-free savings accounts limits (Income Tax Act 58 of 1962 s 12T.)
| YoA | Annual contribution limit | Lifetime contribution limit | Penalty on excess |
|---|---|---|---|
| 2023 (2022/23) | R36,000 | R500,000 | 40% |
| 2024 (2023/24) | R36,000 | R500,000 | 40% |
| 2025 (2024/25) | R36,000 | R500,000 | 40% |
| 2026 (2025/26) | R36,000 | R500,000 | 40% |
| 2027 (2026/27) | R46,000 | R500,000 | 40% |
What breaks when the order is wrong. Applying the annual exclusion before the primary residence exclusion wastes it. Applying the inclusion rate before the exclusions understates the relief. And treating the primary residence exclusion as covering the first R3,000,000 of proceeds rather than of gain overstates the exemption on almost every real disposal.
General reference only. This file is general tax reference material for AI-assisted workflows. It has not been reviewed for any specific person's facts, documents, elections, deadlines, residency, filing status or local procedures. Do not rely on it to file, pay, amend or take a tax position without review by a qualified professional in South Africa.
SARS, Capital Gains Tax (CGT) rate tables dated 25 February 2026 — https://www.sars.gov.za/tax-rates/income-tax/capital-gains-tax-cgt/ (YoA 2027 confirmed 2 September 2026). Income Tax Act 58 of 1962 s 26A, s 12T; Eighth Schedule paras 5, 10 and 45.
Contributed by Brandon Iverach, SAIPA 18504 / SARS PR0025122.
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