Latest Posts in Tax Q&A

Travel Claim not allowed by SARS



Hi Tim, I received a travel allowance upfront however I do a lot of traveling between two offices and I claim back travel on a monthly basis capped at 1850kms though I travel in excess of 2000kms per month. I've filed my tax return showing both business travel and personal but now SARS says I owe them about R27000. How is that possible when I didn't claim for the excess travel I did, just the capped 1850km. I can follow through their calculation but do not understand why they didn't include busi...

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Business Asset



Can a business buy a car from a private person

When do the age related tax rebates kick in?



I turn 65 in August 2017. Do I get the 65 year old tax rebate in the tax year ending Feb 2018 or only in the next tax year?

Tax on pension (lump sum) payout



I want to resign from my current employer and need to know how much will I be taxed when I get my pension of R61000?

Tax on foreign inheritance.



I am to receive foreign inheritance. How much can I bring in? What taxes are applicable? Do I have to furnish proof of where the money comes from?

Negative refund amount on transcripts



My refund amount says negative 8602 what does this mean

Supporting documents error



If I attached the wrong documents to my return, can I still resubmit the correct documents to SARS?

Unsure about home office calculation



My home office is 3m by 4m. I am not sure how to calculate the rates and electricity for the office?

Can I change my declaration if I already submitted the return?



I forgot to include my home office rental space, can I resubmit my tax return and add this on eFiling?

Can I claim for medical aid if I didnt pay for it?



My son is on my ex husband's medical aid, can I claim the contributions on my return?

CGT and new retirement fund laws



Non of the tax calculators include Capital Gains tax
What is the impact of a Capital Gains Tax on the allowable RA deduction?

What does "accrual for tax purposes" mean?



What does "accrual for tax purposes" mean?

If my turnover drops below the 28% threshold, do I still have to pay tax at 28%?



As a small business, if my turnover is R14 million in year one and then drops to R12 million in year two, do I still have to pay tax at 28% per annum,even through the turnover has dropped below the threshold?

Does the 27.5% of income you can put into a pension fund only mean income you have earned as a wage?



I am self employed and only earn about R12000 per year. However I earn about R200000 per year in interest from savings accounts. Can I put 27.5% of my total income (Earnings and interest) into a pension fund per year or only 27.5% of the money I earn through working?

Home office and CGT



I work from home and would like to find out what will the cgt implication be when I sell my primary residence and is it worth it for me to continue to deduct my office space as an expense?

Turnover tax and provisional tax



If I am paying provisional tax, do I need to register for turnover tax too?

My salary differs every month



I work on a contract basis and even though I work the same amount of days my income always fluctuate.
My employer says it is because my hours are different each month, could this be the reason?

Does married in commuity of property mean a partnership?



We are married in community of property does this mean this is a partnership for CGT purposes?

Tax on rental income while being a student



I am a student earning rental income on my deceased parents property, am I supposed to declare this income to SARS and pay tax on it? The amount I earn is just over R25000 after deductions per month.

Tax on commission income



Am I supposed to pay tax on my commission if I don't earn a straight salary too?

Depreciation on a phone



I use my phone for work purposes and have a letter from my employer confirming this. Can I claim depreciation on it even if I've had it for 2 years already?

Accumulating overseas dividends do I pay tax on these in SA?



If the dividends from overseas shares are accumulated back into the fund in the UK, do I need to pay tax on them in SA even if I am not having them paid out to me. In the UK I do not have to pay tax on them if they are accumulated.

Legislation affecting foreign pensions



Good Day, this is my 2nd question in as many months. Hope I am not overdoing it but this item will be of interest to many and any suggestions you may have will be greatly appreciated by myself. I am 80 years of age and have been retired for 20 years. A significant portion of my pension has been tax free for 20 years as the result of it having been earned whilst I worked outside of RSA. Yesterday (2. 2. 17) my pension administrators advised me that as from 1. 3. 17 the tax free portion will be ta...

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My eFiling profile wont allow me to auhorise you



I am trying to authorise shared access to my SARS eFiling profile but it keeps telling me that my profile is not yet activated, what should I do?

Do I declare my CGT on the IRP6?



My husband and I sold our primary residence and bought a new one in April 2016. According to TaxTims Calculator, we don't need to pay Capital Gains Tax because it was less than R2m, but:
1. Do I still need to declare the capital gain?
2. If so, do I declare 50% of it because I own half of the property?
3. Also, I missed any mention of capital gains in my Prov tax Period 1. When I filled in Period 2 today, I didn't see any space to add Capital Gains.
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