Tax Clearance Certificates – Foreign Investments by South Africans 1) Foreign Capital Allowance a) Individuals, older than 18 years, in good standing with SARS, may invest R2 Million (previously R750 000) abroad during their lifetime. b) Income accruing thereon…

  An allowance is available in respect of new commercial buildings or improvements to existing buildings. The allowance is equal to 5% of the cost to the taxpayer of any new and unused building owned by the taxpayer if that…