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?

Interest on family loans

  Written by Marc   Posted 19 November 2015

If I loan my child R150 000 and charge her 7,5% interest, would that be considered fair interest by SARS ( I will also donate R 100 000 to her in that same tax year), and the interest I earn (from the loan) would that fall into the R 23 800 interest exemption, and not actually be taxable?

Tax on bonus from work

  Written by Marc   Posted 19 November 2015

Hi, If I earn 12000 per month and get a full 13th bonus of 12000. 00. How much of my bonus will be tax

What is the limit on taxable interest from investments per year?

  Written by Marc   Posted 19 November 2015

What is the maximum amount of interest I can receive on my investments for a year, before I begin to be taxed? I am not married. I have a Fixed Deposit and I receive rental income.

I have to do the IRP5 only

  Written by Marc   Posted 19 November 2015

I have the IRP5 not the IRP6 or 12. Why I did not get that option?

Filling a rfc

  Written by Marc   Posted 19 November 2015

If I submitted a tax return and uploaded supporting docs and then realized I made a mistake can I file a RFC

How to declare other income, if when combined with interest income is still below the threshhold

  Written by Marc   Posted 19 November 2015

I resigned my job to study. I have an income on an investment of - R7000 pa and I did some adhoc consulting for a company for which I earned R30000. My wife's tax adviser told me that I still need to submit a tax return as I have income from two different sources. He also said that I don't need to register as a provisional tax payer as I am not actively generating an income that will exceed the tax threshold. (I understand that should I consistently do more freelance work and if my income increases that in future I may have to register as a provisional tax payer. )...

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Tax already paid only dividend income

  Written by Marc   Posted 18 November 2015

Do I included foreign and/or local dividend income on a unit trust if it has already been taxed as per my IT3b

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?

Do I need to fill in a return?

  Written by Marc   Posted 18 November 2015

I receive a disability pension and it has become tax free. Do I need to fill in a tax return?

Meaning of efiling status

  Written by Marc   Posted 18 November 2015

What does it mean when your SARS eFiling status shows Filed.

Provisional Tax on TaxTim

  Written by Marc   Posted 18 November 2015

I need to pay provisional tax on additional income I am earning this year. Do you guys do this as well?

DOES TAXMAN TAX PERFORMANCE BONUS IN PUBLIC SERVICE

  Written by Marc   Posted 18 November 2015

DOES TAXMAN TAX PERFORMANCE BONUS IN PUBLIC SERVICE

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 do you calculate holiday pay taxes.

  Written by Marc   Posted 18 November 2015

How do you calculate annual leave pay taxes.

Need eFiling Registration Form to send along with ID copy to complete registration process

  Written by Marc   Posted 18 November 2015

I have just registered for SARS eFiling and still need to wait 24hours for verification to be complete. I then received an email telling me to complete the registration form and fax it with my ID to complete the registration verification process. I can't find this Registration form, could you please make it clearer?

Maximum amount of money received as a gift before being taxed.

  Written by Marc   Posted 18 November 2015

I received monetary gifts for my weddings, kitchen tea, bachelorette party and engagement party. I deposited the money on a monthly basis to avoid one big amount. How will this work for my income tax return. Will I be taxed on this? I wasn't sure of the best way to do it. Please help.

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?

Multiple rental properties

  Written by Marc   Posted 18 November 2015

I have multiple rental properties. Do I add all the income and expenses together? On the SARS form, it was always specified separately

Supporting documents

  Written by Marc   Posted 18 November 2015

Hi Tim, I am going through a bit of a nasty divorce and I was working for my inlaws, Submitted my tax return and SARS is now asking for supporting documents. Even tho I was not up for Audit. I have spoken to my attorney and he said he would request the documenst from my inlaws eg my IRP5. I do have a refund due, but the only thing I claimed for was medical aid. Can I just submit that or must I wait for my IRP5?

Income from car sold, in behalf of someone else

  Written by Marc   Posted 18 November 2015

I bought a car for my mother as she is not credit worthy. She sold her old car and that money was paid into my bank account. I use that money and an extra R20 000 to pay of on the new car. How do I declare that income on my IT12?

How do I pay tax as an independent contractor

  Written by Marc   Posted 18 November 2015

I am an independent contractor. I started working part-time but have since progressed to full-time. Previously I did not earn enough to qualify to pay tax. However, from the beginning of this year working full-time I would need to pay tax. I have been onto the SARS website which shows my ITA34. I submitted this to SARS and it came back that I don't owe anything, which I am not sure is true. I don't want to have any trouble with SARS for not paying. What is the best way to go about in this situat...

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Tax percentage on provident after resignation

  Written by Marc   Posted 17 November 2015

I have been employed for 3 years . Provident fund I approx 45 k. What Is tax percentage since I have resigned. ?
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