Tax Q&A

Is the sale of an old house & purchase of a new house show on my tax return?

If I sold my old house for R830,000 & bought a new house for R1,150,000 do I need to inform SARS of this? I did this in order to move closer to my place of emp

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Academic fees from SARS?

I'm a full time student who works at different places over weekends to fund my studies which are ~R50K p. AIs there a portion that I can be able to claim back

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May I claim the money I paid for my childs training institute?

May I claim the money I paid for my child's training institute? What sort of training re you referring to? He is in training to become a draughtsma

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Audit taking forever - now escalated ?

Hi guys, I submitted my tax return on the 1st July. My tax return was assessed and it was shown that a payout was due but I was selected for an Audit. After w

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Delay for my refund from sars when I submitted on the 5th and I'm due for a refund

Hi TimI submitted my income tax return on the 5th of August 2015 and I'm due for a refund and my refund will not be audited but up to now no money have send

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Is spousal maintenance a taxable income?

Is spousal maintenance a taxable income? No it is not, it is specifically exempt from tax.

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Medical contribution codes

If my contribution towards medical aid is R1000, deducted from my salary, and the company pays the other R1000 (50/50) is the code 3810 then supposed to be R2

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Will I be able to claim a refund from SARS?

Hi Tim I didnt submit any tax returns since 2006 as I was unemployed but got permanent employment last year (2014). I have submitted a tax return for 2014/15

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My tax reference number

I live overseas but would like obtain my income tax reference number. Is there an easy way to do this without calling SARS and waiting so long on an internati

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The higher your local liabilities the lesser our tax amount payable on our completed return or other

Do we pay less tax or more tax if our local liabilities are higher for example - Car finance and credit card debt? No,this will not affect your taxes owing

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Medical tax certificate

I want to enquire about my medical tax certificate because I enquire since last week bt there is no respond from gems You need to speak to GEMS about this,

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Where did I fill this codes IT3B, T3C, IT 3(b), & IT 3(C)

What is a difference between IT3B, T3C, IT 3(b), & IT 3(C) Please see definition of IT3(b) and IT3(c) below. There are only two different types of document

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Will he be taxed and will he be able to claim a deduction?.

A sole trader, pays himself a salary of R4000 per month. Will he be taxed on this amount?. Will he be able to claim a deduction of this amount from his busine

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Salary 10 000 + 2000 fuel allowance - tax?

If I receive a monthly salary of R10000 and a fuel allowance of R2000 - how much will I clear Please make use of our Income Tax Calculator to work out the

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How much money am I getting after the second assessment?

After the second assessment SARS says "Your assessment has been concluded and reflects an amount refundable to you of -R2056. 00". And then: "the current bala

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How much will my pension fund lump sum be taxed upon resignation on e.g R200 000

I am resigning from a government position and I am taking my pension payout as a lump sum. I was told that the full amount will be taxed. I would like to find

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Out of pocket medical aid expenses from prior years.

Previously I was a SITE taxpayer and did not have submit an income tax return but I was on a medical aid which I paid out of my own pocket. Currently, I have

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Are Gap Cover monthly payments tax deductible?

Are Gap Cover monthly payments tax deductible? "Gap cover falls under the definition of â%u20AC%u0153accident and health policyâ%u20AC, in the Short Term Ins

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Dont have IRP5 for 2007 and SARS is request me to submit

SARS is requesting a tax return for 2007 but I dont have a IRP5 for that year. My previous company never kept records. I have been filing since 2008 to date a

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Am I and independent Contractor or a Bookkeeper for tax purposes; can I deduct a pc course as an exp

I am a bookkeeper for 2 entities with the same directors, but different company and tax numbers. I invoice a fixed fee per month, but split it based on the pr

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Tax implications on unit trust for a new born child

Hi Tim What are the tax implications if I have a unit trust fund for my child. Do I need to disclose the interest and capital gain on sale in my tax return? T

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If Audited, does the results come out after 21 Days or can it be before then?

Hi Tim, my tax returns were Audited since 30/07/2015. How long still can this take, will I know the results exactly after 21 days or can it be before then? Reg

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Medical aid tax credits on my ITR12

Hi, I submitted documents for an audit. It has now been 24 working days and SARS can still not give me an answer. I was told to call back after 30 working day

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My provisional tax paid to date totals more than my provisional earnings for tax year 2015.

I have successfully completed my tax returns via SARS eFiling for several years. Reason for registering with your website is to get further advice on my provi

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Do foreign nationals with South African work permits qualify for the offshore tax exemptions?

I am a foreign national (New Zealand) based in South Africa on a work permit, working for a South African company. However all of my work is "offshore" in the

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