Capital Gains Tax Rate 2024 South Africa Calculator. Where are taxable capital gains included in the basic reduction formula? In south africa, capital gains tax (cgt), which is part of income tax, is payable on any financial capital gains, regardless of what type of financial assets are.

As of february 2024, the marginal tax rate is 18% for individuals, 21.6% for businesses, and 36% for other trusts. Capital gains are taxed at a lower effective tax rate than ordinary income.