Export of household and personal effects and motor vehicles

The export of one?s household and personal effects is limited to an overall insured value of R1-million. These may include motor vehicles, caravans, trailers, motorcycles, stamps and coins (excluding coins that are legal tender in the Republic).

Other than the 10 percent 'exit charge', there are no other direct tax implications.

For more information on this, one can visit the exchange controls section of the SARB website on www.reservebank.co.za. Alternatively, speak to an 'Authorised Dealer' (such as a bank) as they will be required to facilitate the necessary transfers.

All the best.

acsis Limited is an authorised financial services provider. The response to the question covers some of the issues in a general and factual manner and does not constitute advice. It is important to consult with a financial planner who, after an analysis of the individuals? personal needs, goals and circumstances, will be able to provide comprehensive and appropriate advice.

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