Travel allowance exceeding 8000km

  Written by Nicci   Posted 14 March 2016

How is the travel allowance taxed if you do not receive a car allowance, use personal vehicle and exceed 8000km for business travel? Company pays the standard rate per km, and no other allowance is received in respect of travel.

Which year do I declare CGT on property sale?

  Written by Nicci   Posted 11 March 2016

If the date of sale and the registration of that same property fall under two different tax years, which is the year applicable for submission of the tax return to SARS?

New tax law on pension funds

  Written by Nicci   Posted 11 March 2016

How will I be taxed according to the new pension fund law? Salary R27,000 House subsidy R700 travel allowance R10,735 Alexander Forbes Provident Fund R2,077 Company contributes R5,004
New tax law 27. 5% pension rebate -Interpretation there of My contribution R2077 only or 2077 5004=R7081

Can I use my personal car for work and ask for a travel allowance?

  Written by Nicci   Posted 9 March 2016

Can you use your own car (double cab ) for your work ( not your business) and ask for a travel allowance?

Outstanding tax returns and arrears for commission earner

  Written by Nicci   Posted 9 March 2016

I have outstanding tax returns for 2012/2014/2015 and the subsequent penalties outstanding PLUS an arrears amount of just short of R20 000. I am registered for e-filing but find expenses I can claim for and their relevant codes very confusing so have saved the tax returns without any expenses claimed. I am a commission only earner in property sales and have IRP5's for the relevant periods. I have not kept a log book for petrol and kms but have slips for petrol, car expenses, data costs, client ...

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I paid too much tax and need clarity?

  Written by Marc   Posted 8 March 2016

If I earn 6500 on a monthly bases why has may tax deduction been over a R1000 during the months of Jan and Feb 2016

PAYE vs Provisional Tax

  Written by Marc   Posted 7 March 2016

I have a permanent job which caters for roughly 65% (660k) of my total gross income the other 35% (335k) is obtained by a business I run. Should I apply for provision tax and should my company be paying PAYE for me or should I be paying two payments as a provisional tax payer? How do I go about this if it is the case?

Are training courses and related travel expenses tax deductable?

  Written by Marc   Posted 1 March 2016

Hi Tim,
I am a provisional tax payer in the health sector- I am not salaried and work for myself. Am I able to claim back on fees for training courses and the travel costs(flights, car rental)?

Secondly, I occasionally rent out my flat and wondered if this money is declared regardless of the rent earned or if there is a minimum amount from which earnings should be declared. Thanks!

Why am I taxed twice in a month?

  Written by Marc   Posted 25 February 2016

My salary is divided into 2 payments per like I get my standard pay on the 15th of each month then all my allowances they follow on the 25th. So my question is why am I taxed twice in a month and why is the second tax deduction high than the deduction on the 15th?

Company car versus personal car and travel allowance

  Written by Nicci   Posted 23 February 2016

A client of mine is the sole shareholder and employee of his company. He does a lot of car travel for his work.
What is the most beneficial method in terms of tax:
to buy a car in his own name, or to buy one in the company name and use it for business and personal (will be small personal use)?

Claiming travel expenses on a fixed cost basis without an travel allowance

  Written by Marc   Posted 22 February 2016

I am self employed and earn commissions and fees. Can I claim a travel expenses on a fixed cost basis even if I don't get an travel allowance?

Fuel Reimbursement

  Written by Nicci   Posted 19 February 2016

What tax code must be used when a company reimburses fuel only and business km's exceeds 8000km per annum. There is no refunds for wear and tear, repairs and maintenance or insurance. At present the code on the IRP5 is 3702, is this correct?

Will you be liable to pay capital gains tax if you bought a vehicle and sold it for a profit?

  Written by Nicci   Posted 19 February 2016

I have bought a second hand car for an amount of R168000 in cash, 3 months later I decided to sell the car as it is not being used often for an amount of R215000. Will I be liable for capital gains tax on this?

Treatment of rental loss and living expenses while studying

  Written by Nicci   Posted 18 February 2016

From Sep '14 to Oct '15 I temporarily left the employ of my company to study my MBA full time overseas. During this time I rented my primary residence in South Africa out. (a) Am I able to deduct the losses on the rental of my primary property (rent - levies - interest on bond - rates) from my taxable income?

(b) During the time I was away, I had to make use of savings to pay for living expenses (food, necessities, partial travel expenses, but NOT tuition, textbooks, accommodation, vi...

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Cellphone expenditure deduction code

  Written by Nicci   Posted 12 February 2016

I receive a monthly cellphone allowance. Under what code do I deduct the actual expenditure on my tax return on SARS eFiling? The "other" category has not historically been available to me.

Business travel claims with no travel allowance

  Written by Marc   Posted 12 February 2016

How does one go about claiming a vehicle that I use 70% for business and 30% private. I have a detailed log book and do about 18,000km business travel/year but I do not receive a travel allowance.

Can I deduct my Gautrain tickets from my tax

  Written by Marc   Posted 12 February 2016

Can I deduct my Gautrain tickets from my tax

Reimbursive travel

  Written by Marc   Posted 12 February 2016

For the 2015 year of assessment, my employer re-reimbursed me for travel. They paid me at the official SARS rate of R3. 30 per km, I traveled 6,691. 52 kms, it is thus my understanding that because this is less than the maximum allowed by SARS of 8,000km, this amount falls under non-taxable income and should be allocated to the code 3703. My employer allocated this to code 3702 on my IRP5. I corrected this on my tax return, yet SARS are of the opinion that this amount should fall under taxable i...

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Where in the ITR12 can I claim toll fees paid on business trip if I don't use actual costs.

  Written by Marc   Posted 12 February 2016

I have incurred toll fees while on travelling on business trips to clients. My employer does not reimburse this fees I incurred citing that I should cover them from the reimbusive travelling claim that I get. I don't use the actual cost incurred but rather the estimates as per tables. My question is, where in the ITR12 can I book this fees against my income.

Incorrect logbook information

  Written by Marc   Posted 9 February 2016

I just want to find out with regards to car allowances. I switched employment in June 2014 and did not have access to my kilometers claimed at my previous employer. I started working at my previous employer again in January of this year and found my old information. It seems like I might have submitted incorrect information on half of the year for car allowance. I am currently being audited manually, and do not know what to do, please advise?

Unemployment and provisional tax

  Written by Marc   Posted 8 February 2016

I was unemployed for roughly six months of the 2015/2016 tax year, do I need to submit any proof. Now with the new work I have to pay provisional tax because I work for myself but not as a company, how does this affect tax deductions?

Audit income statement

  Written by Marc   Posted 4 February 2016

The SARS auditor is asking for an income statement to explain why I have a lose of R16 000. This I assume was from my car travel expenses. Why are they asking me for this?

Does receiving a car allowance when l have a car bought cash have impacts on my tax?

  Written by Evan   Posted 2 February 2016

I bought a car cash before getting my current job. I receive a car allowance at my current job and am not willing to change my car anytime soon. Is that an issue with SARS? Is that going to affect my tax, if so how?

Fringe benefit tax on fuel card

  Written by Nicci   Posted 1 February 2016

We receive a fuel benefit which is indicated as an income ( this in my mind will put me into the next bracket ). I am taxed on the higher income, then the very same amount that has been used for fuel is shown as a deduction. I don't understand this can you please explain. I don't see the benefit of a fuel card.

Individual tax on private vehicle bought by company

  Written by Marc   Posted 29 January 2016

If a company pays for an employee's personal vehicle, what are the tax implications for the employee as an individual? Would a loan from the company be a better option?
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