Tax Q&A
We want to sell our property in our CC? What are the tax implications?
Our CC has a property under its name which we currently reviewing a OTP for it. The CC has been dormant for the pass 10 or so years. What will be the tax impl
Read moreLumpsum tax
I am going on early pension and comuted one third as a lump sum payout. What tax will I pay. Please make use of our Lump sum calculator to see how much t
Read moreIf earning money privately, from what value must you declare to SARS?
I am thinking of doing some management consulting, after my normal working hours. I am hoping to earn approx R 10 000 per month. When do I need to declare thi
Read moreDonation, tax payable?
My brother wants to give me 100 000, he lives in Singapore. Do I have to pay any tax one this? If his money was earned in Singapore and it not from a South
Read moreIs it possible to apply for 5 years tax return?
I haven't claim my tax return since 2010 so is it possible to get all that tax back? Tax is not something that is given back, you need to have overpaid tax
Read moreAmount that didn't cover by medical aid?
I have a huge amount that didn't cover by the medical aid. And I only paid quarter of that money, when doing eFiling must I put whole amount that didn't cov
Read moreDo I need to apply for a tax directive for my earnings received (private company)?
Is a tax directive necessary for my consulting firm - I have a private company with 1 employee (myself). I provide consulting services through another IT firm
Read moreShould I have a tax number first in order to register for turnover tax?
We registered a CC a few years back, but we never traded on it. We would now like to get the business up and running, although our turnover will be very small
Read moreChanging jobs for taxes?
How will SARS know that I changed jobs? Apparently you get a return if you changed jobs but it's not formed part of the calculation? How does this work? Yo
Read moreDomestics child's education
I donate/pay for my Domestics child's education. Can I claim it back? Please check if the school/facility is a PBO with special PBO tax number from SAR
Read moreSars Disablity and Threshold
I earned R254000 for the 2014-2015 tax year. My son is "disabled" and I am able to claim for qualifying disability expenditure. I see now that you nee
Read moreCGT on Property sold by family trust
How do I calculate Capital Gains Tax on a property owned by our family trust? Please have a look at our Capital Gains Tax Calculator to work this out.
Read moreWill I be taxed on my foreign income that I send to my SA bank?
I currently work abroad (temporary- for a few years, and am a citizen of SA only). I pay income tax here where I current reside. I have no income from SA. Whe
Read more3 X IRP5's, JOB CHANGES, SARS REFUND?
I have resigned from a job "A" and started a new job at "B", things did not work out as planned at "B" and I ended up returning to my
Read moreCasual laborer question?
I am wondering if you can help me, I have been a casual laborer from October 2013 until the beginning of June 2015. I just got a sms saying that A penalty ass
Read moreInterest deduction?
I run a part time business from home that earns me commission and a car allowance. The expenses I occur monthly is home based eh. Telephone. Internet etc. I c
Read moreAm I gonna get tax refund?
I worked for 4weeks and I was getting paid weekly and I was also paying PAYE maybe R350weekly so I'm asking if I'm gonna get tax refund? IF you only worke
Read moreCalculation of gross retirement funding on my IRP5?
How is my gross retirement funding income of my IRP5 calculated if I joined the pension fund during the lat month of the tax year? You should have just th
Read moreHow to fix a tax return if you clicked ok when asking if you are deceased or immigrating?
My hubby went onto eFiling today 25th June (forgot tax returns only open 1st July) and when he tried to bring up his returns issued for 2015 a pop up asked to
Read moreI've lost my IRP5 what must I do help?
I've lost my IRP5 before submitting what must I do please help. You need to contact your employer and ask them to reissue you with the IRP5.
Read moreWho gets tax return?
Who qualify for tax return? Please read our article about Returns, Rebates and Refunds for an understanding of refunds.
Read moreWould a R3000 per month ongoing payment to me from my son ave any tax implications?
I am 68 years old. My son has offered to gift me R3000 per month on an ongoing basis to help me out with my living costs. Will this have any tax implications
Read moreWho was I paying tax to?
I have been working on a project for the past 3 months, the company has been deducting tax from my salary, now when I check with SARS I found out that I have
Read moreCan I claim a rebate here?
I personally pay the 100% contribution for my wife and two kids to be on medial aid. She is the primary member. I do not belong to any medical aid. Can I clai
Read moreI don't have an IRP5, but I earned income - now what?
I have been working as a guide in the tourism industry for the past year or two. I did not get a payslip just money paid into my account, I also get cash tips
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