Tax deduction for professional body membership

  Written by Marc   Posted 2 July 2015

Good day Tim

I have forgotten to claim membership fees to a professional body as a deduction in the 2013/2014 tax year. Can I claim it in this 2014/2015 tax year?

Also if money is spent on CPD (required to maintain membership to a professional body), is this deductable for tax purposes?

Can I deduct this?

  Written by Marc   Posted 2 July 2015

I am a salaried employee working in the private sector. I pay PPS (Professional Provident Society) for income protection. Can I claim this off tax?

Will SARS refund if the old banking details are used and the account is closed?

  Written by Marc   Posted 2 July 2015

I went to SARS to change my banking details. . Was told it was submitted. Bt when I file. It will automatically pull out the old banking details. Of which the account is closed. . Should I do eFiling. Will the bank reverse it to SARS and thy can do a refund in my account? Please help. .

Will I get the tax from the previous company

  Written by Marc   Posted 2 July 2015

I resigned from a company called Ogatin in 2009 and never claimed any tax while working for it, now I'm working for another company which I started last year in May. My question is when I claim tax from SARS this year will I get money from the previous company as well if they owe me?

SARS need IRP5 which I never received what must I do?

  Written by Marc   Posted 2 July 2015

I submitted my IRP5 for 2014 and received a sms showing that SARS owed me a refund but now they need another IRP5 which I don't have what must I do?

Tax on travel allowances

  Written by Marc   Posted 2 July 2015

Pls explain the difference between the 80/20 and 20/80 tax principle for travel allowances and when can it be used ?

Is it for company cars or travel allowances?

WHY AM I OWING SARS THOUSANDS EVERYTIME I SUBMIT BUT HAVE NO BUSINESS?

  Written by Marc   Posted 2 July 2015

I AM A GOVERNMENT EMPLOYEE SO TAX IS ALWAYS DEDUCTED FROM MY SALARY I ALSO HAVE EXTRA INCOME FROM MY LATE HUSBANDS PENSION FUNDS ALSO TAX IS DEDUCTED THERE BUT ALWAYS I'M OWING THEM THOUSANDS OF RANDS EVERY TIME. WHY? I DON'T UNDERSTAND BECAUSE I'M ALWAYS SUBMITTING

Contract worker and the tax effects?

  Written by Marc   Posted 2 July 2015

I want to know. I worked for 3 years on a contract. I was taxed on my pay. Is it wise for me to do a tax return? My salary was plus minus 8000. 00 montly

Statement of accounts

  Written by Evan   Posted 2 July 2015

Hallo,

I submitted my tax returns to SARS. They asked for supporting documentation. I sent that to them and received a statement of account with a negative value. Does this mean they have accepted the documents and that they will refund me?

Thanks

When is the tax refund due?

  Written by Evan   Posted 2 July 2015

I could've been amongst the first few thousand to submit their tax returns as I filed mine just after 2am the day tax season opened. How long will it take for the refund to be paid? Has anyone else had theirs paid already?

Previous years medical claims that were not paid by my medical aid.

  Written by Evan   Posted 2 July 2015

Hi,

Can I claim previous years 'claims that were not paid by my medical aid' on this years tax return or what is the correct process?

I forgot to include those on previous years returns.

Medical aid refund but had no income in 2015

  Written by Evan   Posted 2 July 2015

I had no income for 2015 tax year, but paid medical aid for 8 months plus extra out-of-pocket medical expenses. Am I entitled to some money back from SARS? I am 57 years old.

Temporary break in rental income

  Written by Evan   Posted 2 July 2015

I have a property that I rent out. Every year on my tax return, I declare the income I received, and also include related expenses (ie, interest on loan, levies, rates, etc)

I would like to know the following - there were 2 months when the property was not let out (I was finding new tenants at the time). Can I include the expenses for those 2 months thereby reducing my profit, or can I only include expenses for the months when the property had tenants and I was receiving an income?

Medical aid tax rebates - Employer pays half directly into my account

  Written by Evan   Posted 2 July 2015

My company offers to pay 50% of my medical aid contribution. This money is paid directly to me (included in my salary into my bank acc). The amount is indicated separately as "MEDICAL AID" on my payslip. I therefore pay the full amount of the monthly cost to my medical aid every month from my bank account. On my IRP5, my employer indicates their 50% contribution under Deduction code "4005" even though they do not pay the Medical aid provider directly.

My question is:

A) Should this amount be listed under "4005" (According to SARS there should be no amount under 4005 if the employee pays the medical aid personally) ...

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Rental income of a jointly owned property

  Written by Evan   Posted 2 July 2015

My husband and I are married out of community of property but jointly own a flat that we rent out. When completing my provisional tax return do I include 50% of the income and expenses in mine and 50% in his return or do I include 100% in both our returns and then select the 50% partner option?

My statement of account balance changed to zero. Help

  Written by Evan   Posted 2 July 2015

Why has my statement of account balance changed? Yesterday it had the refund due to me, when I my efiling profile check this morning my balance is R0.00. Does this mean assessment is complete and I should be receiving my refund today or tomorrow?

Travelling expenses independent contractor

  Written by Evan   Posted 2 July 2015

I work as a independent contractor through a agency contracted to Nedbank, I am an IT Solutions Architect , my cost to company is R75,000 pm. Can I claim my travel on SARS efiling? It's not set out on my IRP5 with a code for travelling expenses.

Says I don't have to submit a tax return because I earn under R350 000

  Written by Evan   Posted 2 July 2015

Says I don't have to submit a tax return because I earn under R350 000. Is this true? Why has SARS changed their mind?

Supporting docs turn around time for approval

  Written by Evan   Posted 2 July 2015

Hi,

I submitted my Tax return for 2015 and my SARS calculation showed that I am owed a refund. However I was asked for supporting documents which I submitted. Does SARS give you a confirmation once all documents have been verified? How long does the verification process take?

Medical Expenses for Tax Return

  Written by Evan   Posted 2 July 2015

I was on maternity leave for 4 months last year, I only joined a medical aid in August and baby was only covered from October. My whole pregnancy was paid for cash ( +- R60 000 ) I have calculated my return and it is not what I was hoping for. How does medical expenses paid cash work out?

Bursary repayment deduction

  Written by Evan   Posted 2 July 2015

I'm am repaying a bursary on a monthly basis. Can I use it as an deduction on my personal income?

Thank you

Tax returns on provident fund

  Written by Evan   Posted 2 July 2015

Hi, I would like to know is it possible to claim tax returns on your provident fund that was payed out as a lump sum and where to start?

Deduct medical expense

  Written by Evan   Posted 2 July 2015

Can I deduct medical expense I paid myself if don't have medical aid?

Rental income at a loss

  Written by Evan   Posted 1 July 2015

Hi,

I have a apartment that I rent out. The rental income is R5000 which is R350 less that the total expenses
Levies R680
Rates & Taxes R270
Agent Commision R400
Home Loan Interest R4000

Can this loss be deducted from my annual salaried income, and how do I do this ?

I was medical boarded for 11 months and survived with disability grant

  Written by Evan   Posted 1 July 2015

I was medical boarded for 11 months. Do I need pay tax whilst depending on grant? Will taxman compensate me during this difficult time?
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