Vehicle depreciation?

  Written by Marc   Posted 21 February 2014

I recently started my own business and I use my vehicle to collect stock/supplies and also to deliver to my clients. Can I claim the cost of my yearly vehicle renewal from tax?

SARS wants me to submit supporting documents, but the document list is empty

  Written by Marc   Posted 20 February 2014

I think SARS owes me a refund because my ITA34 reflected a negative number and said "refund due to you". Anyway they are now giving me grief, disputing my refund and demanding I respond in 21 days by sending me a "Final Request to Revise Income Tax Return or Submit Relevant Material". However in this document they say: "In the event that you couldn't find an error, you also had the option of submitting to SARS copies of the following material in support of the declarations made in your income tax return:" This is followed by an empty document list. ...

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In Maternity case, will SARS use 8 months or use total salary for tax year?

  Written by Marc   Posted 19 February 2014

Both my wife and I receive a salary from our CC. She was on maternity leave for 4 months (Aug-Nov) in which she didn't receive any salary, only her UIF.

Everything is now back to normal. Last night I came to realize that there is more profit in the CC than I would like and it would be better if I pay that profit out as a salary in Feb.

My question is thus...

Lets assume her total salary for the 2014 tax year will be R120k

Will she be taxed R9520 (R10k average salary over 12 months) Thus total Salary of R120k for the 2014 tax year or...

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How long will it take for SARS to pay out my refund?

  Written by Marc   Posted 19 February 2014

How long will it take for SARS to pay out my refund? I submitted my tax returns on 18 Feb 2014 and would like to know when I can expect the money?

SARS requesting private km and logbook for everyday of the year in addition to business travel?

  Written by Marc   Posted 18 February 2014

I'm claiming tax on my travel allowance and submitted my logbook based on the SARS logbook. Earlier today I was notified that my travel claim is disallowed. When I called them they said I should add my personal travel and mileage for everyday of that tax year. Is this normal? I thought SARS was only interested in business travel.

What is the PAYE formula?

  Written by Marc   Posted 17 February 2014

Mr ab is paid a monthly salary of R20 000 as well car allowance of R2 500. He belongs to company pension fund and contribute an amount equal of 7.5% his basic salary. The company does the same. He is also member of medical aid and his total contribution is 2100 of which the company contributes half.

How do you calculate this?

Does medical aid contributions qualify for the calculation of allowable RA deductions?

  Written by Marc   Posted 14 February 2014

In the cost-to-company pay structure the medical aid contribution does not fall under "pensionable income". Can the full medical aid contribution be included for the calculation of the optimal tax deductible RA contribution (15% of non-pensionable income)?

How fast are refunds paid out in 2014?

  Written by Marc   Posted 14 February 2014

How long will SARS take to pay out a rebate consisting of the 4 previous consecutive years, considering the payout has gone for a review?

Limit on medical expenses claimed by an older than 65 taxpayer?

  Written by Marc   Posted 12 February 2014

Is there a provision in the tax act which limits the amount of medical expenses (not medical aid contributions) that a taxpayer older than 65 may claim, to not more than 50% of their taxable income? I have been told this by a SARS employee in response to a query re a revised assessment disallowing some medical expenses.

Employer doesn't deduct PAYE?

  Written by Marc   Posted 12 February 2014

The company I started working for doesn't deduct PAYE, it states on my contract that I will be responsible for paying taxes myself.

What methods of apportionment of home office expenses are acceptable to SARS?

  Written by Marc   Posted 11 February 2014

I am a 100% commission earning employee who runs all my business activities from my residence. I estimate my business share of home expenses as being higher than simply the size of my office as a percentage of the house floor space. Can I include more area, such as the kitchen (used for meals during office hours) and the dining room (used for meetings)? Is floor space the only apportionment method?

Are university fees exempt from tax?

  Written by Marc   Posted 10 February 2014

Can I deduct my child's university fees from tax payable?

Can remote workers claim the expense of a desk in a shared office (not a home office)

  Written by Marc   Posted 10 February 2014

I've been working remotely for a Johannesburg based company. I used to work from my actual home but started renting a desk at a shared office near my home instead. I was using this exclusively for work.

Can I claim this an expense on my tax?
I'm a full time employee of a company employed as a regular PAYE employee.

Retirement Annuity Topup

  Written by Marc   Posted 10 February 2014

I am a Pensioner in my seventies. Have a Retirement/Living Annuity ~ R 750 000 and want to top it up with R 500 000(for various reasons).

What is the Tax implication? From the R 500 000 contribution, what can I deduct in the current and future tax years?

Is CGT payable as the plot was bought with the intention to build a house?

  Written by Marc   Posted 10 February 2014

I bought a plot 20 years ago with the intention to build a house. Due to financial constraints I did not build nor purchase any other property. I have now sold the plot and purchased a house in much cheaper area

Am I liable for CGT on the sale of the plot?

Medical tax credit apportionment for deceased taxpayer?

  Written by Marc   Posted 9 February 2014

When calculating the normal tax liability for a deceased taxpayer, should the medical tax credit be apportioned as the primary rebate would be apportioned?

Avoid annoyance of IRP6 submission?

  Written by Marc   Posted 9 February 2014

I am a pensioner and get a pension that is taxed plus RA payments and receive interest on investments that are below taxable.

How do I avoid filling in a IRP6?

Which property is my primary residence in SARS' eyes?

  Written by Marc   Posted 7 February 2014

I have just found a flat that I would like to buy (I already own one flat).

I was wondering how SARS determines what your primary residence is if you have two properties? Apparently if you sell your primary residence, you have a capital gains break of R1mil, but what's to stop you moving into your second property just before selling and claiming that it is your primary residence?

I have learned that I need to take tax into account with every decision!

Do I pay tax on my SA salary if I am out of the country for most of the year?

  Written by Marc   Posted 5 February 2014

I am going to work for a Tanzanian company for the next 12 months, but will still earn my SA salary. Is it business as usual in terms of PAYE on my SA salary, or is there some sort of relief?

Tax for one who has been some unemployed, some working overseas?

  Written by Marc   Posted 5 February 2014

Ok, so I was retrenched on March 27th 2013. I got a 2 month severance package. From 15th of April up to 30th August I was lucky to get consistent temp jobs. Then from September 1st to October 6th I was unemployed. I left RSA on Oct 7 to come work in Saudi Arabia. Therefore I was unemployed for 50 days and out of SA for 166 days consecutively. I will only be able to come home for 3 weeks between mid September and mid October. I do send about R35,000.00 per month home to pay bills and the bon...

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What will tax on a bonus of R10 000 be?

  Written by Marc   Posted 4 February 2014

What is the tax on a bonus of r 10000.00

Tax difference on bonuses?

  Written by Marc   Posted 3 February 2014

how does my tax work on my annual bonus. I earn R7500 p/m and pay R343.34 in tax why when I get a 13 cheques does my tax go up to R1693.33.

SA non-resident with rental property in SA what are the tax implications?

  Written by Marc   Posted 31 January 2014

I used to live and work in SA but then moved to the UK 8 years ago. Since then I have and still am working full time in the UK for a UK employer paying UK PAYE and now have UK citizenship.

For the last 4 years I have been sending money back to my SA bank account and used that money to purchase a rental property in SA.

As an example using dummy numbers for simplicity:
Purchase price: R100k
Deposit: R50k
Bond: R50k

Rental Income: R20k p.a....

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How to claim tax deduction on frail care for Alzheimers patients

  Written by Marc   Posted 30 January 2014

My mother in law is resident in a frail care facility because she suffers from Alzheimers and cannot look after herself. I have heard that there is a possibility that this could be claimed against her tax. How do we go about this?

Primary rebate automatically deducted for freelancers?

  Written by Marc   Posted 30 January 2014

I am a freelancer. If I eFile my return is the primary rebate automatically deducted from my income before the tax amount is calculated. Or do I have to deduct it myself?
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