Business Expenses - categorisation

  Written by Evan   Posted 23 November 2015

When declaring tax for my business I'm finding it hard to fit my business expenses into one of the SARS categories.

My expenses for the web hosting business mostly revolve around renting servers and software. What category would that fall under?

Is Occupational Interest received declared as interest or as rental income on your tax return?

  Written by Evan   Posted 22 November 2015

Is Occupational Interest received declared as interest or as rental income on your tax return?

Out of pocket medical expenses deductions not showing on assessment

  Written by Evan   Posted 22 November 2015

I have completed my tax return via SARS eFiling and entered R10,200 rand worth of out of pocket medical expenses. When I click on "calculate" results I don't see any SARS reimbursements and the value SARS owes me doesn't change if I add and remove the out of pocket medical expense value. I don't see medical expenses on the calculated results on PDF it creates. Why is it being ignored?

Married couple rental income

  Written by Evan   Posted 22 November 2015

Regarding rental income as a married couple married outside of communion, do I list it as a partnership with 50 percent share or do I enter only half of the income and expenses and then don't list it as a partnership?

For rebates which are apportioned for year of death, do you include the day the person died?

  Written by Evan   Posted 22 November 2015

For rebates which are apportioned for year of death, do you include the day the person died?

Can I offset my rent paid against my rental income derived?

  Written by Evan   Posted 22 November 2015

I own an apartment that I let out. However I also rent an apartment for me to live in. Can I offset my rental expense against my rental income on my primary residence?

Medical aid supporting documents

  Written by Evan   Posted 22 November 2015

SARS requested supporting documentation with reference to my medical expenses. Are you required to have the actual claims and payment receipts for medical expenses that were already covered by your scheme and appears on your tax certificate already (claims not recovered from the scheme)? For example, if SARS asked me for supporting docs would the tax certificate do? I don't have any other expenses - I submitted all my claims through my medical aid.

Declaring Dual listed company dividends

  Written by Evan   Posted 22 November 2015

I own Richemont and Billiton shares that are dual listed on the JSE. On my IT3b:

- Richemont dividends are shown as "foreign dividends" and 35% tax is deducted as "foreign tax paid".
- BHP Billiton dividends are shown as "foreign dividends" but the normal 15% witholding tax is deducted.

Do I need to declare both of these under foreign dividends and foreign tax credits or are they different?

Medical Gap Cover - claimable

  Written by Evan   Posted 22 November 2015

I changed from a medical aid with gap cover to a hospital plan with gap cover. I don't have the gap cover tax certificate nor the expenses we paid cash for when on the hospital plan. Is this important to obtain? I think I may be able to get both.

Travel expenditure claimable?

  Written by Evan   Posted 22 November 2015

I am contracted out from my company where I am employed as a permanent employee. I have realised that I should have a travel allowance as I should be able to claim all the km's from the office to the respective clients?

The claimable distances are about 26km x2 per working day. However, I don't have a travel allowance on my payslip. Your advice?

Tax benefit for working in a non-profit organisation

  Written by Evan   Posted 20 November 2015

I work for a global non-profit organisation. I am based in South Africa and my letter of employment is aligned with SA employment regulations and taxes. Are there any tax benefits that apply in this case?

Late submission of previous expenses in new next year

  Written by Marc   Posted 20 November 2015

How does one claim for items not included in previous tax returns which you came upon in the new tax year. Can I submit it along with my new tax returns or is it ever forgotten and lost.

Where on my SARS form do I submit info for a Unit Trust Investment if I get a IT3(b) Portfolio incom

  Written by Marc   Posted 20 November 2015

Where on my SARS form do I submit info for a Unit Trust Investment if I get a IT3(b) Portfolio income summary?

Updating bank details do computer show is money are due to you?

  Written by Marc   Posted 20 November 2015

When updating bank details does computer show that their are money due to you?The SARS consultant updated my details but did not communicate if money are due to get paid in my account??

Made my own medical contributions whilst unemployed. Can I claim

  Written by Marc   Posted 19 November 2015

If I was unemployed for the year and only received a payout from a provident fund, that was taxed by SARS. And continued to make contributions by myself to medical aid. Can I claim anything?

Medical expenses in my return

  Written by Marc   Posted 19 November 2015

My company pays my medical aid which is reflected on my IRP5 under code 4005. I have 4 dependants on their own medical aid. I pay the contributions from my bank account. Do I add these contribution amounts to my other medical expenses for same dependants also paid out of my bank account and reflect it under code 4020? Plus do I state the number of dependants including myself as 5/month?
I am never sure how to complete this each year. Thank you

Can I claim my expenses for traveling to work everyday? My tax code is 3616.

  Written by Marc   Posted 19 November 2015

Can I claim my expenses for traveling to work everyday? My tax code is 3616.

Forgotten Expenses

  Written by Marc   Posted 19 November 2015

I have submitted my tax return via taxtim but have forgotten to include out of pocket medical expenses of R4180.

UIF to be deducted weekly from Wages?

  Written by Marc   Posted 19 November 2015

Should UIF be deducted from the employees wages weekly, if the employee gets paid Weekly Wages? Or add all the weekly payments together at month end, then deduct 1x UIF amount from the employee?

Home office

  Written by Marc   Posted 19 November 2015

What evidence do I need to claim expenses for a home office?
What expenses can I claim besides rental?

Allocation of rental income on jointly registered bond.

  Written by Marc   Posted 18 November 2015

My partner and I rent out the garden cottage of our primary residence, the bond of which is jointly registered in both our names. We are not married. The rental is paid into her account, but I pay for most of the expenses from my account... The bond on the property etc. How should the rental income be declared - hers since it is paid into her account, or jointly (50%-50%) since the asset is in both our names and we otherwise share household expenses?

What type of forms to submit to represent your vehicle logbook

  Written by Marc   Posted 18 November 2015

When asked to submit your logbook to SARS, can I use the petrol claim forms for the starting and ending month of that financial year or should I include all the months?

Subsistence allowance expenses

  Written by Marc   Posted 18 November 2015

If I received a taxable subsistence allowance, but did not keep record of expenses (or proof) will I be able to deduct a deemed expense on my tax return.

How should I complete the ITR12 form without a IRP5?

  Written by Marc   Posted 18 November 2015

I was employed full-time until end of September. After that I did locum work. I don't have an IRP5 for this period, since I was never permanently employed. How do should I complete the ITR12 form in this case?

Documents for verification with SARS?

  Written by Marc   Posted 18 November 2015

I submitted documents for verification last Friday via your site to SARS. I've still not heard anything from them. How long do they take to respond? Do they respond?
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