There were a lot of changes to the tax rates in this budget and there’s plenty of reporting on the subject.

For my followers, these are the important ones that you may have missed.

Primary residence exclusion for CGT is now R3m from R2m

Annual Donations Tax allowance R150 000 from R100 000

Voluntary VAT registration from R120 000 (or average R10 000 per month over at least two months) previously R50 000 (from average R4 200 per month over at least two months)

Compulsory VAT registration now R2,3 m from R1m