What source codes are used for Investment Income interest?

  Written by Evan   Posted 14 September 2015

What source codes do I use on my tax return for Investment Income as listed in my first submission?

If my parents medical aid is paid from my bank account how can I include them in my return.

  Written by Marc   Posted 14 September 2015

If my parents medical aid is paid from my bank account how can I include them in my tax return?

How is tax on share options calculated after death?

  Written by Marc   Posted 14 September 2015

My dad passed away in Aug 2013 and had a bunch of share options that went into his estate. We sold the share options in Dec 2014, and the estate was wound up and distributed in Feb 2015. However, they taxed the share sale at the maximum tax rate. Should the share sale go into the 2013/2014 tax year when he died, or should it be in 2014/2015 as that's when the sale was actually made? Basically, I want to check if we can claim back the tax paid as it was his only earning in 2014/2015.

What happens after receiving your ITSA?

  Written by Marc   Posted 14 September 2015

I received my Statement of Account/ITSA 5 days ago, and it's a negative amount. I presume that means I am due for a refund. What's the process after that? Do I wait to receive something else or the refund will be paid?

Efiling conundrum for real estate investment

  Written by Evan   Posted 14 September 2015

How does one enter local REIT dividend on SARS eFiling?

My efiling profile keep on being deleted?

  Written by Evan   Posted 14 September 2015

I keep on registering for SARS eFiling and then they request documentation to verify my registration once I have submitted my docs,the next day when I want to see if they are done my profile is gone, and my login details does not work. I then register again but the same happens again...

They said amount to you is R0.00. What is the 1st payment and 2nd payment for?

  Written by Evan   Posted 14 September 2015

I have submitted my IRP5 in my tax return to SARS. I received this message:

Amount R0. 00 due to you. Date of payment: 1st date 2015-10-01 and 2nd 2015-10-31.

What does it mean?

Tax claim for estate agent NQF training books and exams

  Written by Evan   Posted 14 September 2015

I am working as a full time employee at an Estate Agency firm. We were forced to do certain NQF Level training that I had to pay for myself otherwise I could not register as a full status agent at the EAAB. Although I do admin work in the Estate Agency firm, I still need to have this qualification. Can I claim the books and exam fees from SARS?

Should I spend time/energy requesting IRP5s every year?

  Written by Evan   Posted 14 September 2015

Is it worth asking for copies of the IRP5's if they were provided to SARS by the employers/investment houses already?

Since all three were provided directly to SARS and have pre-populated the e-filing, I did not receive my own copies. If SARS decides to audit my tax return would I need to request them or would SARS be satisfied that they actually already have these?

Why is there no section for salaries and bonuses?

  Written by Evan   Posted 14 September 2015

Why is there no section for salaries and bonuses on my tax return from SARS?

Annuity Fund contributions claim

  Written by Evan   Posted 14 September 2015

When you have an Annuity (Retirement Fund), where does this fall regarding claiming from SARS?
This is a fund that we pay ourselves as my husbands employers does not have a retirement fund / plan we can use.

Source code 4002 a full amount paid or limited amount to be entered

  Written by Evan   Posted 14 September 2015

For the amount of arrear contributions, do I include the full amount paid or the limited amount?

Tax Directive for CCMA Settlement

  Written by Marc   Posted 11 September 2015

I got paid out by my previous employer after a CCMA settlement in excess of R170 000. How do I know if they requested a tax directive for this and is it required?

What is the differences between employees tax and PAYE tax, I also thought PAYE is being phased out?

  Written by Marc   Posted 11 September 2015

What is the differences between employees tax and PAYE tax, I also thought PAYE is being phased out?

Do you limit your arrears pension fund to 1800 or you enter the actual amount?

  Written by Marc   Posted 11 September 2015

Do you limit your arrears pension fund to 1800 or you enter the actual amount?

Increase of salary?

  Written by Marc   Posted 10 September 2015

What will my salary be before deductions, if I receive a 8 % increase?

Deceased tax number

  Written by Marc   Posted 10 September 2015

How do I get a tax number of my brother in law who died?

Was the wrong amount deducted

  Written by Marc   Posted 10 September 2015

How do I calculate pension tax deduction after I received my money for 2011 according to SARS I owe them. The amount was R144817. 27 they deduct 21687. 285

Deductions on 13th pay

  Written by Marc   Posted 10 September 2015

What are the mandatory deductions on 13th cheque

Do I pay tax on a gift?

  Written by Marc   Posted 10 September 2015

If my mother wants to give me a gift of R 100 000. 00 cash to be transferred into my cheque account, do I need to declare this anywhere and will I pay tax on it?

REIT dividends tax paid

  Written by Marc   Posted 10 September 2015

Regarding the REIT taxable dividends for individuals, where do you reflect the tax paid on the REIT income. If the whole amount is taxable then wont it then have been taxed twice, when the dividends was paid to you and when you declare it on your income tax?
Hope this makes sense. Please advise

What is member's share of claims paid/

  Written by Marc   Posted 10 September 2015

On the medical Aid Certificate, what is member's share of claims paid?

CPT payment on money held for 3rd party.

  Written by Marc   Posted 9 September 2015

I have a parent whom gave me money a couple of years back to place in an investment in my name. Recently the entire investment was cashed out and transferred back to said parent. I now have been issued with and IT3(c) reflecting this. My questions are as follows:

1) Though it is not stated on the IT3(c), do I need to pay CPT on the proceeds (SARS code 4205)?
2) If I need to pay CPT, as this money did not belong to me (though the investment was in my name, I did not derive any benefit from it), is there a way in which the CPT can reflect against the party whom the money belonged to?...

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Travel claim to client site

  Written by Marc   Posted 9 September 2015

As a consultant on a salary with a car allowance (3701) onsite 18 of every 20 days, can I claim travel to the client's place of business?

Dependant / de-register / required to fill in a tax form if no longer earning a taxable income

  Written by Evan   Posted 9 September 2015

I am married and a registered tax payer, no longer earning a taxable income. Do I need to de-register as a tax payer and if not, do I need to submit a tax return?
Can I add my medical expenses to my husband's tax return as a 'dependant' (we do not contribute to a medical aid scheme)?
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