Although capital gains or losses, in respect of most personal-use assets are excluded from the CGT system, a threshold (annual exclusion) is provided to exclude the total of smaller gains and losses from CGT. The purpose of the annual exclusion is to reduce compliance costs, and simplify the administration of the tax by keeping small gains and losses out of the system.
The table below sets out the annual exclusion.
| Person | Annual exclusion for a year of assessment | |||||||
|---|---|---|---|---|---|---|---|---|
2017 to 2019 R | 2013 to 2016 R | 2012
| 2010 and 2011 R | 2009
| 2008
| 2007
| 2006 and earlier years R | |
| Natural person | 40 000 | 30 000 | 20 000 | 17 500 | 16 000 | 15 000 | 12 500 | 10 000 |
| Natural person – in year of death | 300 000 | 300 000 | 200 000 | 120 000 | 120 000 | 120 000 | 60 000 | 50 000 |
| Special trust for a person with a disability | 40 000 | 30 000 | 20 000 | 17 500 | 16 000 | 15 000 | 12 500 | 10 000 |
| Deceased estate | 40 000 | 30 000 | 20 000 | 17 500 | 16 000 | 15 000 | 12 500 | 10 000 |
| Insolvent estate | 40 000 | 30 000 | 20 000 | 17 500 | 16 000 | 15 000 | 12 500 | 10 000 |
