Donations and Tax

  Written by Evan   Posted 5 November 2015

I would like to understand how donations / gifts work. I have read a few things but want to make sure I have it right. Lets say a friend of mine is in need and I donate / gift her R120k in a year. Do I pay tax on that? Does she? Does it form part of taxable income etc?

File for 2 years ago

  Written by Evan   Posted 5 November 2015

I have been out of the country for 2 years when I tax returned I received an SMS that I am fined for 2012-2014 tax returns not filed. Can you please assist me in this regard as I never filed before.

Rental income In Community of Property split not recorded on IT34

  Written by Evan   Posted 5 November 2015

On my IT34 - for my rental income profit - SARS did not perform the 50-50 split for being married in community of property and so the full amount was used to calculate my tax owed. Would I file a dispute claim for this? It seems strange that last year SARS did the 50-50 split and this year they haven't.

Can I claim gap cover on my tax return?

  Written by Evan   Posted 5 November 2015

I had depleted my savings last year on my medical scheme and had a self payment gap to cover and then annual threshold benefits would kick in. Can I claim the self payment gap on my tax return?

Is a UK property sale liable for SA CGT

  Written by Marc   Posted 5 November 2015

I've recently sold a property in the United Kingdom, and transferred the proceeds thereof over to South Africa. I'm a South African citizen, registered with SARS. Am I liable to pay capital gains tax here in SA?

How do you claim entertainment expenses

  Written by Marc   Posted 5 November 2015

How do you claim entertainment expenses. The expenses that are directly related to projects and to a client is reimbursed by the company. Expenses related to business development or non-client related are not reimbursed. I have receipts for these, but canâ%u20AC%u2122t really tie it to a client per se. I may be able to tie it to a specific meeting in my calendar or a log of meetings that I keep.

How would I summit a tax return as a sole proprietor with no payslips?

  Written by Marc   Posted 5 November 2015

I am a sole proprietor. I need to do a tax return for this year. I have no payslips, but I do have an income and expense sheet done by me. How do I go about doing a tax return for SARS?

Do I need to pay tax and why?

  Written by Marc   Posted 5 November 2015

I am a South African university student, currently working at the university library as a library assistant. I get paid not more than R3000 a month. I received a call today from the Human Resource department saying that I must pay tax. I have never paid tax before and I was not informed in my contract that I will be asked to pay tax at the end of the year. This is my 8th month working.

Retirement Annuity Fund

  Written by Marc   Posted 5 November 2015

How do I reflect my Retirement Annuity Fund contribution on my tax return?
Can I reflect for both 2014 and 2015, if the amount for 2014 was not included in the tax return for 2013/2014?

I want the amount of UIF I must pay if I earn R65 000 Basic Salary and R15 000 car allowance?

  Written by Marc   Posted 5 November 2015

Hi Tim, I female single mother of one and earn basic salary of R65 000 and car allowance of R15 000. 00. What should my UIF contribution be? What is my tax deduction be?

CALCULATION OF TAXABLE INCOME

  Written by Marc   Posted 5 November 2015

HOW TO CALCULATE FARMING TAXABLE INCOME?

Do fully vested trusts have to submit provisional tax returns?

  Written by Marc   Posted 5 November 2015

A trust is registered as a provisional taxpayer. All the income in the trust vests fully in the beneficiaries meaning that no income is retained in the trust. Will the trust still have to submit provisional tax returns even though it will always be nil?

Pay income tax

  Written by Marc   Posted 5 November 2015

I pay tax from my salary, that's what it says on my payslip, do I further need to pay income tax this year if I only started worked under 6 months and earned R58330 as a whole (without deductions)?

Medical not included in salary

  Written by Marc   Posted 4 November 2015

For the last few years my employer didn't include their portion of my medical in my deductible salary, so there was no PAYE paid on it. I did receive my annual paybacks from SARS on the medical tax certificate I submit through our accountant. Now I owe SARS money and my employer is expecting me to pay it back. Am I liable for this even though it was not a mistake on my side?

What supporting documentation is required for source code 4027?

  Written by Marc   Posted 4 November 2015

I have been requested to submit to SARS A4 copies of the relevant material in support of the following declarations:

For source code 4027, depreciation of R6,299. 00 has been assessed against my ITR12 tax return and I have been asked for supporting documents. I purchased a laptop with my own money that I use after hours to catch up on work. What document needs to be submitted and what should it state?

How do I treat travel costs that are reimbursed to me after I have paid for them?

  Written by Evan   Posted 4 November 2015

I am a consultant who travels. My company then reimburses me for my travel costs. How do I treat this in my tax return?

Reclaim attorney costs

  Written by Marc   Posted 4 November 2015

Good day
I want to find out, I've bought a flat and it was registered in March 2015 on my name. Can I reclaim the attorney fees and where I complete it on the tax form, in other words, costs of Duty, transport costs, registration of deed
Thanks

Amending your tax return after submission

  Written by Marc   Posted 4 November 2015

I'm a first time tax payer. I only completed my tax return for the first time this year. I used e-Filing and already submitted my tax return, and received the assessment. I realised that I had to add my Medical Aid tax certificate (My company is not paying for my medical aid, it comes from my pocket). What should I do now, seeing that I already filed my tax return? How am I going to fix this?

Registering for a tax number

  Written by Marc   Posted 4 November 2015

Do I have to register for a tax number if I earn R2970 pm?

Duplicate expenditure for both employment and freelance monies earned

  Written by Marc   Posted 4 November 2015

I am permanently employed and work from home. I also have a freelance business that I run after business hours, using the same equipment (laptop, printer, office furniture) and space that I use working for my permanent employer. I have noticed that under the "Tax Deductions" and "Business and Rental Income" sections that there are duplicate questions regarding depreciation, travel costs, lease and electricity expenditure used during earning my monies. Do I complete both sections with the same in...

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How can my payment be audit twice.

  Written by Marc   Posted 4 November 2015

I submitted my tax return via SARS eFiling on the 1st of July 2015. I was not selected to be audited. I did not get my refund as usual. When I contacted SARS they said that my payment is being audited. On the 30th of September I received a letter stating that I must submit supporting documents. The documents was submitted on the 1st of October. A completion letter was issued on the 3rd of November stating that my assessment was not changed. When I inquire now I am told that my payment is being a...

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Tax Certifcates

  Written by Marc   Posted 4 November 2015

Hi - what happens is I cannot find my tax cerficates

Where do I declare the bond amount on rental income?

  Written by Evan   Posted 4 November 2015

I'm stuck in the section where I declare the rental income for a house I was renting out. I don't see where I put total I spent on the bond to justify that it was a loss against the rental income and the expenses incurred. Where do I do that?

Travel Allowance & Company Provided Vehicle

  Written by Marc   Posted 4 November 2015

Please advise if you are able to claim if you receive a travel allowance and use a company provided vehicle during the day to visit clients?

Domestic taxes?

  Written by Evan   Posted 4 November 2015

Hi, my Domestic worker has been coming in every day, but for two weeks now she has been refusing to do the washing and ironing, she only tidies the bedrooms and leaves, when I spoke to her regarding this she said we don't pay her enough to do the rest anymore, although her salary is a lot higher than min wage, today she said that she is done and I need to let her go, she wants pension and back taxes from me now, although she was under the bracket.. I have no idea how to handle this situation, pl...

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