See if the exchange gain is taxable for claims acquired before January 27, 2010
The minimum interest rate is a publicly determined interest rate that determines whether your exchange gains are taxable under the Exchange Gains Act. If the interest on a claim is at least equal to the minimum interest rate, it is “blue stamped” and any exchange gain is thus not taxable.
On the other hand, if the interest on the claim is less than the minimum interest rate, it is “blackstamped”, so that any exchange gain is taxable.
Please note that the above applies exclusively to claims acquired prior to January 27, 2010.
In the future, the minimum interest rate will still be calculated and could be used in other contexts, such as taxation of any interest benefit from staff loans.
For the period 1 July 2016 - 31 December 2016, the minimum interest rate is 0%.
Here you can see the historical development of the minimum interest rate:
| Period |
Rate |
Year |
| 1 July 2016 – 31 December 2016 | 0% p.a. | 2016 |
| 1 January 2016 – 30 June 2016 | 0% p.a. | 2016 |
| 1 July 2015 – 31 December 2015 | 0% p.a. | 2015 |
| 1 January 2015 – 30 June 2015 | 0% p.a. | 2015 |
| 1 July 2014 – 31 December 2014 | 0% p.a. | 2014 |
| 1 January 2014 – 30 June 2014 | 0% p.a. | 2014 |
| 1 July 2013 – 31 December 2013 | 0% p.a. | 2013 |
| 1 January 2013 – 30 June 2013 | 0% p.a. | 2013 |
| 1 July 2012 – 31 December 2012 | 0% p.a. | 2012 |
| 1 January 2012 – 30 June 2012 | 1% p.a. | 2012 |
| 1 July 2011 – 31 December 2011 | 2% p.a. | 2011 |
| 1 January 2011 – 30 June 2011 | 1% p.a. | 2011 |
| 1 July 2010 – 31 December 2010 | 1% p.a. | 2010 |
| 1 January 2010 – 30 June 2010 | 2% p.a. | 2010 |
| 1 July 2009 – 31 December 2009 | 2% p.a. | 2009 |
| 1 April 2009 – 30 June 2009 | 2% p.a. | 2009 |
| 1 January 2009 – 31 March 2009 | 3% p.a. | 2009 |
| 1 July 2008 – 31 December 2008 | 4% p.a. | 2008 |
| 1 January 2008 – 30 June 2008 | 4% p.a. | 2008 |
| 1 July 2007 – 31 December 2007 | 4% p.a. | 2007 |
| 1 January 2007 – 30 June 2007 | 3% p.a. | 2007 |
| 1 July 2006 – 31 December 2006 | 3% p.a. | 2006 |
| 1 January 2006 – 30 June 2006 | 2% p.a. | 2006 |
| 1 July 2005 – 31 December 2005 | 2% p.a. | 2005 |
| 1 January 2004 – 30 June 2005 | 3% p.a. | 2004 |
| 1 July 2003 – 31 December 2003 | 2% p.a. | 2003 |
| 10 October 2002 – 30 June 2003 | 3% p.a. | 2003 |
| 1 January 2002 – 9 October 2002 | 4% p.a. | 2002 |
| 23 November 2001 – 31 December 2001 | 3% p.a. | 2001 |
| 1 January 2001 – 22 November 2001 | 4% p.a. | 2001 |
| 1 July 2000 – 31 December 2000 | 5% p.a. | 2000 |
| 22 October 1996 – 30 June 2000 | 4% p.a. | 2000 |
| 22 December 1995 – 21 October 1996 | 6% p.a. | 1996 |
| 1 January 1995 – 21 December 1995 | 7% p.a. | 1995 |
| 1 July 1994 – 31 December 1994 | 6% p.a. | 1994 |
| 1 January 1994 – 30 June 1994 | 5% p.a. | 1994 |
| 1 July 1993 – 31 December 1993 | 6% p.a. | 1993 |
| 18 May 1993 – 30 June 1993 | 7% p.a. | 1993 |
| 17 June 1991 – 17 May 1993 | 8% p.a. | 1993 |
| 1 July 1988 – 16 June 1991 | 9% p.a. | 1991 |
| 1 January 1987 – 30 June 1988 | 10% p.a. | 1988 |
| 1 July 1986 – 31 December 1986 | 8% p.a. | 1986 |
| 2 April 1986 – 30 June 1986 | 7% p.a. | 1986 |
| 2 October 1985 – 1 April 1986 | 9% p.a. | 1986 |
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