Capital Gains Tax Calculator Zimbabwe

Zimbabwe Tax Calculators · Capital Gains Tax

Capital Gains Tax Calculator

Compute CGT on a Zimbabwean specified-asset disposal. Handles pre and post 22 February 2019 acquisitions, listed marketable securities (1% withholding) and the inflation allowance on improvements.

Disposal details

Enter the figures from the disposal documents (sale agreement, purchase deed, improvement invoices).

CGT applies only to "specified assets" defined in s.2 of the CGT Act — immovable property in Zimbabwe and marketable securities of Zimbabwean companies.
Verandas, walls, extensions — not repairs.
Agent's commission, conveyancing, transfer fees borne by seller.
Used to compute inflation allowance on cost (2½% per year or part-year, assets acquired on/after 22 Feb 2019 only — FA s. 39A(9a)(b)).

Step-by-step walkthrough

1

Confirm it's a specified asset

CGT only attaches to immovable property situated in Zimbabwe and marketable securities of companies incorporated in Zimbabwe. Movables (vehicles, equipment) are out of scope.

2

Compute gross capital amount

Take the sale price, less selling expenses incurred to make the sale (commission, conveyancing).

3

Compute deductible cost

Cost = original purchase price + capital improvements. For assets acquired on or after 22 Feb 2019, add inflation allowance of 2½% per year or part-year on cost and improvements (FA s. 39A(9a)(b)).

4

Apply the rate

20% on the gain for specified assets acquired on or after 22 Feb 2019 (FA s. 38(b)). 5% on the gross capital amount for assets acquired before 22 Feb 2019 (FA s. 38(a)). 1% withholding on the selling price of listed marketable securities, which is the final tax (FA s. 39(a)).

5

Pay before transfer

Lodge CGT 1 with ZIMRA, pay, obtain the clearance certificate, then proceed to the Deeds Registry. No clearance, no transfer.

Rate summary

Asset classBaseRate
Property acquired on/after 22 Feb 2019Net gain20%
Property acquired before 22 Feb 2019Gross sale5%
Listed marketable securitiesGross proceeds1%*
Unlisted shares / other specifiedNet gain20%

*1% on listed securities is a CGT withholding that operates as a final tax (FA s. 39(a), reduced from 2% by Finance Act 7/2024 w.e.f. 28 Dec 2024). The investor is not required to file a CGT 1 if the broker has remitted.

Statutory anchors

  • Capital Gains Tax Act [Chapter 23:01]
  • Finance Act [Chapter 23:04], ss. 38–39 & 39A — current CGT rates
  • ZIMRA CGT 1 form and Public Notice on inflation allowance

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