Page 52 - Profmark Tax Guide 2025 Digital

LEARNERSHIP ALLOWANCES

An annual and completion allowance of R40 000 may be claimed by the taxpayer
for learnerships NQF qualifications from levels 1 to 6, and R20 000 for learnerships
NQF qualifications from levels 7 to 10� The deduction claimable for disabled
learners is R60 000 or R50 000 for both annual and completion allowances�
Where a learnership is terminated before a period of 12 full months the employer
will be entitled to a pro rata portion of the annual allowance, regardless of the
reason for the termination of the learnership� The completion allowance for a
learnership of 24 months or more will be based on the number of consecutive
12 month periods completed × the above annual allowance amount�

TRANSFER DUTY ON IMMOVABLE PROPERTY

■ Calculated on the value of immovable property
■ Payable within six months after the transaction is entered into
■ Exemptions apply with the most notable when the seller is a VAT vendor
■ Where a VAT vendor purchases property from a non-vendor, the notional input
tax is calculated by multiplying the tax fraction (15�5/115�5 from 1 May 2025)
by the lesser of the consideration paid or market value
■ The acquisition of a contingent right in a trust that holds a residential
property or the shares in a company or the member’s interest in a close
corporation, which owns residential property, comprising more than 50% of
its assets, is subject to transfer duty at the applicable rate
Transfer duty, with effect from 1 April 2025, is calculated as follows:
R1 – R1 210 000 0%
R1 210 001 – R1 663 800 3% of the value above R1 210 000
R1 663 801 – R2 329 300 R13 614 + 6% of the value above R 1 663 800
R2 329 301 – R2 994 800 R53 544 + 8% of the value above R 2 329 300
R2 994 801 – R13 310 000 R106 784 +11% of the value above R2 994 800
R13 310 001 + R1 241 456 + 13% of the value over R13 310 000

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