Can I claim a tax rebate paying for a pensioners medical aid?

  Written by Marc   Posted 14 August 2013

Good Day

My dad is a Pensioner and receives a state pension. He does not submit tax returns, however I pay for his monthly medical aid, and would like to know if I can claim a rebate for this when I submit my tax return?

No medical aid, medical expenses paid out of pocket

  Written by Marc   Posted 14 August 2013

Hi,

I don't belong to a medical aid, so I had medical expenses to the value of R21473.34 (kept proof of payments). I had income of R75485, and PAYE deducted of R2144. A refund of only R2144 shows on my IT34. It seems as if the medical aid expenses was not taken into account at all. Please explain?

ITSA query "AVS banking"

  Written by Marc   Posted 13 August 2013

I registered & submitted my ITR12 & submitted documents which I did, I got a Letter of Completion. I requested an ITSA which was sent to me instantly, indicating the refund payable to and that I am NOT under audit nor verification. My status = AVS BANKING. What is next?

VAT payable although the company has been liquidated?

  Written by Marc   Posted 13 August 2013

I'm selling my business property. The company has been liquidated and my VAT no deactivated. Must the buyer pay VAT over ?
Thank you Tim

Regards
Jan

How to reflect transfer of Pension Fund to Retirement Annuity on ITR12?

  Written by Marc   Posted 13 August 2013

Hello, Within the last tax year I changed jobs and in doing so had to transfer my pension fund from my former employer to my Retirement Annuity as my new employer does not offer a pension fund. On my ITR12 issued on e-filing I can see this lump sum pension fund amount reflected on a separate page with a directive number. Also I received a certificate from my Retirement Annuity institute reflecting my contributions for the tax year and this included the lump sum the I transferred.

My ...

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I was never issued wth my IRP5 form so how do I claim?

  Written by Marc   Posted 13 August 2013

My employer didn't give me an IRP5 form so how do I claim tax return without it?

Tax refund

  Written by Marc   Posted 13 August 2013

I have registered to SARS so I want to know how will I get my tax refund?

Will Sars let me know whats going on will I get my refund what does this mean.

  Written by Marc   Posted 13 August 2013

Hi Tim

I have a question:

I have submitted my tax return on the 1st August 2013 then on the 3rd of August they asked that I should upload all my documents. It is now the 13th of August and I have not heard anything yet from SARS. On my e filing my SARS status says "AVS bank with AVS verification pass" and my e filing status says "Assessment received". I have not changed my banking details recently, so I do not know what is up.

I tried to call the call centre but after holding on for 20min with no one picking up I gave up....

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Dual taxation query for international property

  Written by Marc   Posted 13 August 2013

I am living in SA as an SA permanent resident with property in the UK, rented out. Hardly makes any income, so tax is minimal but a UK tax return is filled in.
1) does this UK income/expense need to be declared on a South African tax return?
2) does the salaried income, tax paid and property income and expenses earned in SA need to be reflected on a UK tax return?

Completion letter / Verification of Assessment received

  Written by Marc   Posted 13 August 2013

Hi Tim,

I submitted my return and was asked for supporting docs which I duly submitted. Today I received a Completion Letter from SARS and just uploaded it to find the following:

-------------------

Dear Taxpayer

VERIFICATION OF ASSESSMENT

We refer to the verification of your assessment for the 2013 tax period. Please note that no adjustment has been made to this assessment. However, in terms of the Tax Administration Act the South African Revenue Service reserves the right to conduct further reviews in future if required....

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If I make R1m and give 30% to charity, how much tax do I pay?

  Written by Marc   Posted 12 August 2013

If you give more than 10% of your to income charity, do you pay both donation tax and income tax on the amount you gave to charity?

Allowable deductions from rental property income

  Written by Marc   Posted 12 August 2013

Hi there,

Which expenses may be deducted from rental income? Repairs, levy, rates & taxes?
Also, for this particular property, we lived there for 6 months of the year, so can we claim 100% of the expenses incurred for repairs even though we only earned rental income for 3 months of the tax year?

Also, my husband and I are both owners of this property, can I include this property on my tax return only or do we need to split the gain/loss made?

Thank you! ...

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Can I register my business for tax after 2 years running?

  Written by Marc   Posted 12 August 2013

I have a business that is just breaking even. I cannot afford to pay tax.

The business is running for two years now and we have not registered for tax or for VAT.

What is your advice?

Must I deduct PAYE from a Namibian resident working in Namibia for an SA company?

  Written by Marc   Posted 12 August 2013

As a South African Company we want to employ a Namibian resident to work in a Namibian store for us but his income will be from us here in SA. Must he register as a tax payer in SA although he is not an SA resident?

How does having an investment policy help reduce my tax?

  Written by Marc   Posted 12 August 2013

With Old Mutual I have an investment. Can I claim this as a tax deduction?

R 7,000-00 once write off, what if 4 machines bought each at R 6,000-00 ?

  Written by Marc   Posted 11 August 2013

Hi Tim. Do I understand that the R 7,000-00 write value is a once write off for items less than R 7,000-00?

What is the situation then if I start my business with the simultaneous purchase of e.g. four lawn mowers at R 6,000-00 each. Total cost = R 24,000-00 but I may only write off a once R 7,000-00 ?

What then happens if six months later my business requires one additional lawn mower again at R 6,000-00, and e.g. two months a brush cutter at R 6,5000-00. What may then be written off, if anything?...

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Medical expenses paid from a joint bank account

  Written by Marc   Posted 11 August 2013

We are married in community of property with one bank account in my name. My wife and our children have individual credit cards on the account and all my wife's income as well as tax refunds are paid into it. She is the principal member of our medical aid. Me and her use the bank account to pay medical expenses via credit card and EFT.

Will SARS disallow medical expenses paid from this account in my name, even if it is for her and our children? I settle medical bills via EFT, any one ...

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Supporting docs for sole prop tax return

  Written by Marc   Posted 10 August 2013

What documents should you submit to SARS when they request supporting documents for income tax returns as a Sole proprietor ?

Can I deduct the tax credit as well as the medical contribution paid as a pensioner?

  Written by Marc   Posted 10 August 2013

I am a pensioner now, can I deduct the tax credit as well as my medical contribution paid by my self?

Pay tax on R3600 pm?

  Written by Marc   Posted 10 August 2013

Hi, I work for 2 yrs I was earning R3600p/m before provident and UIF and was given an IRP5 once. I have been dismissed since March 2013, can I still claim for a tax return?

I don't owe SARS but my company pays my tax

  Written by Marc   Posted 8 August 2013

Every month my company deducts my tax on my salary, but suddenly SARS mentions that I am owing them. I don't know, either the problem is me or it's my company?

Who is liable to claim the medical contributions? Is it me whose account is debited or him?

  Written by Marc   Posted 8 August 2013

I put my parents on a medical aid and my Mum is the principal member with my Dad and sister as dependents. However, for ease of convenience the debit for the medical aid goes off my bank account and not theirs, but my Dad pays me back by paying off my other accounts.
When I submitted the claim, I put this medical costing as a claim on my Dad's return - what was owing to him is now him being held liable to pay SARS that money back. Can they do this??
I have my own medical aid with my da...

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Funeral policies and back loans

  Written by Marc   Posted 7 August 2013

Hello Tim

I work on a commission basis as a hairstylist and I am currently paying various funeral policies. I also have a loan at the bank and a credit card. Am I allowed to claim for tax on those payments?

Employers medical aid contibution for over 65's

  Written by Marc   Posted 7 August 2013

Hi

How does an employer handle:-

1. Employers medical aid contribution made for an employee over 65? It is no longer a fringe benefit.
2. Employer pays both employer and employee contribution with no deduction from employee.

Many thanks.

Home Office Claims (Total Cost Calculation) Code 4028

  Written by Marc   Posted 7 August 2013

If I qualify to claim Home Office (Code 4028) expenses and I want to claim this, what is applicable? Note that I own the house and I have the square meters of both my office and my house. My office adheres to the criteria. My question is related to the claim amount.

Tax specifies: A- the area in m2 of the area specifically equipped and used regularly and exclusively for trade divided by B- the total area in m2 of the residence (including any outbuildings and the area used for trade in the residence) multiply by Total Costs the costs incurred in the acquisition and upkeep of the property (excluding expenses of a capital nature)....

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