FAQs
Read the most frequently asked questions from savers and investors on SA Bullion and on how to buy gold, silver, and precious metals.
The individual annual foreign capital and discretionary allowances are currently available for natural persons who are:
taxpayers in good standing; and
over the age of 18 years.
Each individual may invest an amount of up to R11 million (R10 million foreign capital allowance and a R1 million discretionary allowance) per calendar year offshore. Natural persons are regarded as South African Tax residents if they are domiciled or registered in South Africa for income tax (for example if they were born in South Africa and lived in the country all their life) or foreign nationals who have taken up permanent residency in South Africa and have been living in the country for more than five years. From a Tax interpretation we would say that a Natural person who is a South African Tax resident can apply for this allowance. You can also be considered a Natural person but yet be a Non-resident for Tax purposes. South African residents are subject to exchange control restrictions and can therefore only invest in offshore assets such as foreign unit trusts within certain restrictions set by the South African Reserve Bank (SARB).
taxpayers in good standing; and
over the age of 18 years.
Each individual may invest an amount of up to R11 million (R10 million foreign capital allowance and a R1 million discretionary allowance) per calendar year offshore. Natural persons are regarded as South African Tax residents if they are domiciled or registered in South Africa for income tax (for example if they were born in South Africa and lived in the country all their life) or foreign nationals who have taken up permanent residency in South Africa and have been living in the country for more than five years. From a Tax interpretation we would say that a Natural person who is a South African Tax resident can apply for this allowance. You can also be considered a Natural person but yet be a Non-resident for Tax purposes. South African residents are subject to exchange control restrictions and can therefore only invest in offshore assets such as foreign unit trusts within certain restrictions set by the South African Reserve Bank (SARB).
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