Maryna holds the BA, LLB, LLM degrees and is a Director at the Cape Town offices of STBB. She is an admitted Attorney, Notary Public and Conveyancer with many years of experience in the field of property law and conveyancing. She is also the firm's Marketing Director and attends to external publications for the firm as well as conducts ongoing training for estate agent and bankers training and is a regular seminar presenter for attorneys and property practitioners.

Newsflash | 2021 BUDGET NEWS

Earlier this afternoon the Minister of Finance, Mr Tito Mboweni, delivered the National Treasury’s budget for 2021/2022.

The following stands out:

  • Capital Gains Tax effective rates remain unchanged:
  • Individuals and special trusts – 18%
  • Companies – 22.4%
  • Other trusts – 36%
  • Estate Duty remains unchanged at 20% on the first R30 million, and 25% for the amount above R30 million.
  • Withholding tax remains unchanged at 7,5%, 10% and 15% on the sale of immovable property by a non-resident.
  • Income tax thresholds have increased to:
  • Taxable Income (R)                Rate of Tax (R)
  • 1 – 216 200                               18% of taxable income
  • 216 201 – 337 800                  38 916 + 26% of taxable income above 216 200
  • 337 801 – 467 500                  70 532 + 31% of taxable income above 337 800
  • 467 501 – 613 600                  110 739 + 36% of taxable income above 467 500
  • 613 601 – 782 200                  163 335 + 39% of taxable income above 613 600
  • 782 201 – 1 656 600               229 089 + 41% of taxable income above 782 200
  • 1 656 601 and above               587 593 + 45% of taxable income above 1 656 600
  • The general fuel levy increases by 15 cents per litre, and the road accident fund levy increases by 11 cents per litre on 7 April 2021.
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