Can I claim expenses on bond and transfer fees on investment property?

  Written by Evan   Posted 28 July 2015

My bond was registered for my investment property end April 2014. Please advise if I can claim under expenses incurred all of the bond and transfer fees amounting to R31,336. I called SARS contact centre and the lady advised that I am allowed to do so but from her tone of voice was not 100% certain. I have a reference number for the call whereby she agrees that I can claim as an expense. Please can you advise me as to what I should do?

Due for refund and changes of Banking details - how long does verification take?

  Written by Evan   Posted 28 July 2015

I changed my banking details 3-4 weeks ago. Then after a week I submitted all the outstanding IRP5 and an SMS was sent to me detailing all the refund due to me. And was advised to expect the money within 24 hours as said by the Lady from SARS. The following day I called the contact centre to check if banking details were changed and they told me that the banking details are in the process of been verified and that other supporting documentation might be requested from me and they told me that th...

Read more →

Investment return tax

  Written by Evan   Posted 28 July 2015

How much tax will I pay for my investment returns?

Claims for commission-earner

  Written by Evan   Posted 28 July 2015

Hi Tim, I earn a set salary with commission and allowances such as travel and cell phone and a small portion of medical aid. 1. Can I claim back for the additional Gap cover I pay for? 2. Can I claim for my monthly insurance on my car? 3. Can I claim for my car license I paid for? I had been using a broker over the last 2 years and I see they never put in for any of the above. Nor did she claim for the service I paid for on my car? Please can you help?

Does a temporary employee pay tax and why? How much must I earn for me to pay tax?

  Written by Evan   Posted 28 July 2015

How much must one earn in order to be taxed? If a temporary employee must pay tax, why?

Employer provided vehicle

  Written by Evan   Posted 28 July 2015

How is taxation calculated on employer provided vehicle? Should it be taxed monthly or do you calculate it when you submit your income tax return? Can you deduct fuel cost? Should a logbook be maintained?

How much tax should I be paying?

  Written by Evan   Posted 28 July 2015

I want to know how much tax I am supposed to be paying on a salary of R34000.00 per month. This month I received a bonus and PAYE tax was almost double what I usually pay. Please assist me here.

Tax paid in another country

  Written by Evan   Posted 28 July 2015

My husband worked in Mozambique and paid tax there, how do we fill in his tax return?

Can I claim a stay in hospital maternity room as medical deduction on tax return?

  Written by Evan   Posted 28 July 2015

Hi Tim
Am I allowed to claim the following as a medical deduction on my tax return - for a stay in a private room in hospital when we had a baby? My wife and I stayed there for 2 nights, and I did not send it through as a claim to medical aid. Thank you for your help

IRP5 indication of refund

  Written by Evan   Posted 28 July 2015

Is there any indication on my IRP5 to show me if there is a refund due to me?

Can I expect a refund?

  Written by Evan   Posted 28 July 2015

My IRP5 shows total tax is R40,950.33. How much can I expect to get?

Medical aid tax credit

  Written by Evan   Posted 28 July 2015

Hi What is the difference between medical aid tax credit and medical aid tax credit used. I have both as a deduction on my payslip for the exact same amount of R270. Should it be taken twice?

Medical costs for gynaecologist and ante-natal

  Written by Evan   Posted 28 July 2015

I have made co-payments to my gynae for ante-natal visits and delivery. How do I claim this back, and can I claim for medication I have paid for over the counter out of my own pocket? My son also visited the dentist, can I claim that as well? Please. Explain. How. Medical claims work. Thanks

Invalid codes 3713, 3801 and 3702 on IRP5

  Written by Evan   Posted 28 July 2015

I did not receive a travel allowance, but on my IRP5 there is R25,000 with the code 3713. Any travel I did for the employer I claimed back as a reimbursed claim. Is the R25000 correct? Additionally, there are codes for 3801 and 3702 which I believe are incorrect. Can you clarify what these might be for?

Medical contributions as an independent contractor

  Written by Evan   Posted 28 July 2015

Can I claim medical expenses of my own but working as an independent contractor?

Will tax returns from previous years be counted?

  Written by Evan   Posted 28 July 2015

Hi I worked for more than five companies and I never claimed my tax, will those past years be counted?

Total refund from tax man

  Written by Evan   Posted 28 July 2015

I need to know what my Total Refund will be from the tax man?

Is MPS (Medical Protection Society) tax deductable?

  Written by Evan   Posted 28 July 2015

Is MPS (Medical Protection Society) tax deductable? Where does it go on an IRP5?

Do I have the right to claim tax for the last ten years or not?

  Written by Evan   Posted 28 July 2015

I would like to ask if I work for company for 10 years, now resign and am not working there, and pay as you earn was deducted - was I supposed to claim or not?

Tax Refund for people on work permit leaving the country forever

  Written by Evan   Posted 28 July 2015

I am a non South African passport holder and have been working in Johannesburg on work permit from January 2014 till June 2015. I have left the country in June 2015. So my question is how do apply for a tax refund for the tax that was deducted in the months of April'15, May'15 and June 2015. The return would obviously be required to be filed now in the next year i. E. 2016. So is there any way that I could claim the refund now ?

Thanks

How best to set up my photography business with regards to taxation?

  Written by Evan   Posted 28 July 2015

Hello Tax Tim I work as an analyst full time; and in my free time I follow my passion for music and photography and take photos at festivals, clubs, pubs and other events. I have been building up a profile over the past few years of my work and now I have artists and their relative management agencies showing interest in procuring some of my images.

I have not registered a company yet, nor have I sold any images as I first want to ensure I set up my "business" and contract documents correctly so my clients and I are covered fairly and equally...

Read more →

Medical expenses for disabled husband (non Medical Aid contributor)

  Written by Evan   Posted 28 July 2015

Hi there, My husband is disabled and I do not have medical aid but I pay for his chronic medication and doctors visits out of my pocket for the year. This amounts to between R 25 - R 35,000 p/year. Am I able to claim anything back against this medical expenses? Under code 4020 perhaps? My annual income is between R 180000 - R 200000 p/ year. (7. 5% = - R 13,5 - R15000) - Can I claim the difference in expenses without being on medical aid? Thank you for your assistance in this regard.

PAYE deduction differs from tax tables

  Written by Evan   Posted 28 July 2015

Hi, I have been looking at my PAYE Deductions from my employer and comparing them to the published PAYE Tables from SARS for each relevant year. I even tried to use your tax calculator which also gave the me the SARS Taxtable PAYE deduction amount. I have noticed that in the Payslips we get generated from Pastel Payroll, the PAYE deductions are roughly R150-R220 higher than the same Taxable salary deduction amount according to the SARS Tax table. I know 150 odd Rand doesn't seem like much but ov...

Read more →

Correct PAYE deduction by employer

  Written by Evan   Posted 28 July 2015

Hi Tax Tim, My gross salary is R7625. PAYE of R866 was being deducted from my salary for the 2015 tax year. I am aware that more was being deducted than necessary. Please advise what should have been deducted and how this will affect my tax return?

Two employers. Do I have to register as a provisional tax payer?

  Written by Evan   Posted 28 July 2015

I receive an income from two employers. R10 000 from the one, who obviously deducts PAYE and R4500 from the other, who does not deduct PAYE, as the amount falls under the threshold.

Do I have to register as a provisional tax payer or can I register at the end of the year when assessments are due? I have never registered to file a tax return before, as my income has always been exempt from having to file tax returns. This will be my first time filing a tax return.
Older posts →← Newer posts    55  56  57  58  59  60  61  62  63  64  65  66  67  68  69  70  71  72  73  74  75