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Wakefields Durban North Newsletter
Feb 2026
From my desk to yours...
Hi Subscriber,

South Africa’s 2026 Budget brings measured but meaningful relief for the property sector. Increased Capital Gains Tax exclusions, including a higher primary residence threshold, reduce the tax impact on property sales and estate planning, offering greater flexibility to homeowners and improved return potential for investors.

At the same time, stronger revenue collection has allowed government to withdraw proposed tax increases and keep VAT and corporate tax unchanged, helping to protect consumer spending power and business confidence.

While not a dramatic shift, Budget 2026 reinforces stability and creates a more supportive environment for sustained property market recovery.

Myles Wakefield | CEO
Wakefields Real Estate
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082 853 3373
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