What are the Donations Tax implications for the following:
A mother(of old age) sells her primary property for R 500,000.00(reg in her name) and moves to an retirement old age home. She now rents month to month in the old age home.
The four sons each receive R125,000.00 cash each from the sale to avoid the property being included in the mothers estate. (As the time is near)
There is no CGT as the sale of property is under the R2mil exclusion as it is her primary residence....this has been checked for any other CGT events relating to her primary property and there are non.
What are the donations tax implications for each of the sons in their personal capacities. I know donations between spouses is tax free, but the spouse in deceased.