When and how to correctly Declare a Divorce Settlement?

  Written by Evan   Posted 30 July 2015

Hi Tim, I was paid my divorce settlement last month, so not in the current tax year applicable to returns. Does the settlement need to be declared now or only in the next returns cycle that applies to the month the settlement was received in?

Also, I'm aware that the settlement is exempt from Tax and I got the necessary documents from the lawyers accordingly, do I still need to formally declare this amount?

Expected payout

  Written by Evan   Posted 30 July 2015

Hi, I submitted my tax return yesterday morning and was issued with a ITR34 at 9:34. When can I expect payout?

Correction of IRP5 by employer

  Written by Evan   Posted 30 July 2015

The amount stated on my IRP5 for my Travel Allowance is wrong. My employer decreased my allowance without my knowledge and I've only picked up the error now. My employer says it's too late for them to correct it. I now can't claim the full amount of my travel expenses for the year.

Why can't my employer submit the correct figure to SARS and give me a new IRP5?

Claims not paid by medical aid and code 4020

  Written by Evan   Posted 30 July 2015

The claims not paid by my medical aid that they have record of which is depicted on my medical aid tax certificate. Is this already taken into account on my tax return, or do I have to explicitly put this value under code 4020?

IRP5 from previous employer on eFiling, but I don't have the document

  Written by Evan   Posted 30 July 2015

My last payment from my previous employer was end on March 2014 - for the month of March 2014. I see that the IRP5 for that month is loaded on my tax return on SARS efiling. Can I go ahead and file, or should I wait I receive the physical IRP 5 copy from my previous employer? I have asked them for it - no response yet though.

Return submitted to SARS not showing in eFiling

  Written by Evan   Posted 30 July 2015

Hi. I submitted my tax return this morning through TaxTim, but do not see it on EFiling. Please check why.

Can I get IRP5 documents that were destroyed in fire?

  Written by Marc   Posted 30 July 2015

I worked for a retail company from 2006 - 2009 and I paid for my Tax. When they retrench us they gave us our IRP5. Mine got got burned in my shack and I lost them. In that way I was never able to claim for my Tax. How do I go about to obtain them again. Does my company have them on record as I am working for another company now and they told me to have my previous employer IRP5 if I need to file for Tax Return purposes.

The 2007 return is a very simple one, its pure Income tax, no claims, no supporting docs required.

  Written by Marc   Posted 29 July 2015

Hi Tax Tim. On 06/07/2015 I went to submit my tax returns as far back as 2007. I had been living abroad working intermittently on the odd year in SA. SARS were great, all tax returns were filed with no claims on any tax deductions so no supporting documents required. I have a tax return due to me however because the 2007 tax return was so far back its gone for processing and now is holding up my tax return from all the other years. The 2007 tax return is a very simple one, its pure Income tax, n...

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Investment and capital transfer

  Written by Evan   Posted 29 July 2015

I have recently got married to a UK national and he is wanting to transfer some funds for an investment in SA. He is going to transfer the funds into my current account which I will then transfer into a unit trust.

Firstly do I need to submit a donations form they have on the SARS website and if it exceeds the R100,000 will it be liable for tax?
Secondly the income from the investment will be paid monthly. If it exceeds the R23,080 annual exemption what is the rate on the excess? Is it still taxable even if it is below R70,000 per year? I have no remuneration just the investment income....

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Treatment of legal costs in CCMA

  Written by Evan   Posted 29 July 2015

Was unfairly dismissed and at CCMA employer agreed to retrench me. I received the correct tax directive. How do I claim the legal costs incurred to fight my employer? I am unemployment but received rental income from my properties during the tax year.

Medical tax credits refunded into my account?

  Written by Evan   Posted 29 July 2015

I have a medical scheme tax credit of R12,360.00, claims not recovered from scheme of R10,455.29 and out of pocket expenses R5,295.84. Usually the receiver would refund me this expenses straight into my bank account. They told me that the legislation has changed when I queried this. Who receives this credit and how do I claim it back? I have unpaid medical expenses for 2015.

Tax return not submitted 2008

  Written by Evan   Posted 29 July 2015

Hi Tim, I have submitted my tax returns from 2010 to date but did not from 2008 and 2009 as I thought I was below the earning bracket. I called SARS now and I am due for a refund but they want my tax return for 2008 and 2009. How do I go about doing this?

How do I get refund from SARS?

  Written by Evan   Posted 29 July 2015

I worked for a company last year and they deducted tax from my salary will I be able to get a refund?

Cannot get IRP5

  Written by Evan   Posted 29 July 2015

I cannot get my IRP5 from my previous employer. Can you advise what can be done?

New home transfer duties

  Written by Evan   Posted 29 July 2015

We bought a home and was told that we could claim back on the Transfer duty and registration cost that we paid over. Is this possible and how do we do this?

Claiming Medical Expenses paid as part of divorce agreement to ex-wife.

  Written by Evan   Posted 29 July 2015

I am divorced and as part of the settlement agreement, I pay my ex-wife's Medical Aid premium over to her. She belong to a registered medical aid in SA. I also refund her medical expenses to her which the medical aid does not cover. Can I claim her the amount of medical expenses that I pay to her on my tax return. My ex-wife does not claim her Medical Expenses.

Changing banking details in branch

  Written by Evan   Posted 29 July 2015

Good day, What is the best way to go about changing your banking details with SARS? If you recommend going into a branch. Which branch would you reccommend in JHB? Thank you

Do I have returns?

  Written by Evan   Posted 29 July 2015

Is it possible for you to tell if I got returns available?

Redundancy tax paid

  Written by Evan   Posted 29 July 2015

I was made redundant end of Jan 2015. On my package I paid tax on leave encashment. Will I get this back on my next tax claim?

Tax refunds on personal computer equipment used at work

  Written by Evan   Posted 29 July 2015

Can I claim for use of my personal laptop/computer at work if I use it daily in the office? For work purposes

Changed banking details at SARS but old details still show

  Written by Evan   Posted 29 July 2015

I have completed my tax return on efiling and SARS owes me money, with no (N) Audit. I changed my banking details at SARS office directly two weeks ago successfully, but when I was busy doing my return online, I noticed my old banking details where still there. I then proceeded to change them to the new ones manually on efiling. Why were my old banking details still visible there? and will they ask me to verify this again, even after I did that at the SARS office?

SARS Statuses

  Written by Evan   Posted 29 July 2015

What do the different SARS statuses mean? The ones at the top of SARS eFiling that says "SARS Status". Mine states "Return - Assessed" The reason I am asking is because I have been selected for verification \ audit (again) and was just wondering if this meant that they have looked at the supporting documents and moved on to the next phase? To me "Return - Assessed" means that everything has been looked at and it is almost finalised. Am I correct in thinking so? Thanks

What's does lease payments actually refer to?

  Written by Evan   Posted 29 July 2015

Under "travel claim against allowance" Does lease payments refer to the monthly car repayments I make to Wesbank?

Returns

  Written by Evan   Posted 29 July 2015

Hey would like to know if you'll be able to let me know if I have any returns this year please?

Sars E-filing or not? Earn under R350 000

  Written by Evan   Posted 29 July 2015

Hi Taxtim. I already completed my tax return today via sars e-filing. The sars calculator shows a amount refundable to me. What I want to know is, is it correct for me to assume that I can still go ahead with this return despite of the fact that I didn't earn more than R350 000? Also I didn't change jobs, I worked for the same company for a year and 4 months but we were franchised so I have two different IRP5's from two different cc's. Also why I really want to do it because I have a really ex...

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