Exchange Control / Repatriation of Funds
All funds introduced from outside SA to acquire fixed property within SA may be repatriated together with any profit on resale of the property, provided the title deed of the property has been endorsed “non-resident”.

Income Tax
SA follows a residence-based income tax system. This means that worldwide income earned by a South African resident will be subject to ordinary income tax. Non-Residents are liable for tax on a more limited basis and their liability depends on the source of their gross income being a South African source.

Any rental earned by non-residents in respect of SA properties will be subject to income tax and it is the responsibility of the non-resident to register as a SA tax payer.

Capital Gains Tax
SA residents are liable for the payment of Capital Gains Tax “CGT” on the disposal of any asset, subject to certain limited exceptions

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