This document outlines the Capital Gains Tax implications of
transfer of properties in Zimbabwe with emphasis on exemption
available between related parties.
Capital Gains Tax
Capital Gains Tax (CGT) is a tax levied on the capital gain
arising from the disposal of a specified asset. Specified asset
means:
- immovable property (e.g. land and
buildings) and
- any marketable security (e.g.
debentures, shares, unit trusts, bonds and stock).
CGT Tax Rates
- Where the specified asset being
disposed of/sold was acquired after the 1st of February 2009,
Capital Gains Tax is chargeable at the rate of 20% of the capital
gain.
- Where the specified asset being
disposed of/sold was acquired before 1st February 2009, Capital
Gains Tax is chargeable at the rate of 5% of the gross capital
amount realized from the sale.
