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Visit the national COVID-19 Online Resource and News Portal at www.sacoronavirus.co.za or see SARS COVID-19 news items and tax relief measures here.

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FAQ: I enter into a long-term lease for a building which I then use as my primary residence. I then sell this right for a profit of R2 million. Can I claim the primary residence exclusion?

Yes. In order to have a primary residence an individual or special trust must have “an interest” in a residence. The term “an interest”

Last Updated:

  • 25/02/2021
  • 14:06
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