Donations tax is levied at 20% of the value of assets donated. An - TopicsExpress

Donations tax is levied at 20% of the value of assets donated. An important exemption is for donations between spouses who may freely donate assets or money to each other. This is an important exemption and could be used, for example, to balance out estates. There could however be income tax consequences where the income on such assets donated is diverted from the donor to the donee, and there is a possibility that the donor will be liable to tax on such income. Contact us should you wish to explore the above ow.ly/yQN2F #DonationsTax #MG_Educates

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