HomeFAQAm I required to pay any taxes?

Am I required to pay any taxes?

BROKSTOCK is not a tax agent and does not pay any taxes for you. You are fully responsible for the calculation and payment of taxes, and the submission of tax returns in accordance with South African tax laws.

  • The profit (Capital Gains) you make on your investment is liable to Capital Gain Tax, which you are responsible for paying yourself.
  • As of September 2023, profits of up to R40 000 are exempt from Capital Gains Tax. Everything above that will be taxed at your current marginal tax rate (based on your income level) on only 40% of your Capital Gains and not the full amount.
  • This is based on the products currently available on BROKSTOCK and doesn’t cover possible future products like, for instance, REITs.
  • The content herein is provided as general information. It is not intended as, nor does it constitute financial, tax, legal, investment or other advice. Please speak to your tax consultant for advice specific to your needs.
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