Subsistence allowance claim

  Written by Marc   Posted 16 November 2015

My employer gave me a subsistence allowance for local travel. But they have shown it under Code 3713 (other allowances) instead of under the subsistence allowance code. The subsistence allowance field on the tax return is greyed out and so is the other allowances field. How do I claim my expenses?

Where to put things on tax return

  Written by Marc   Posted 16 November 2015

I worked for a company for two months last year and then worked for myself and invoiced out work. This means I have a IRP for the 2 months and then have to declare my income and expenditure on the balance of the year. When I populate the form I say yes to other income (trade). Where do I declare my expenses - such as computer, printing stationery, vehicle, medical, telephone, bank charges?

Do I qualify as a small business corporation?

  Written by Marc   Posted 16 November 2015

Hi Tim,
I am a photographer and I have my own company set up from which I invoice my clients. I am confused as to whether or not I qualify as a small business corporation due to the nature of my business? I did your online test and from what I can see "photography" does not fall into one of those categories - am I correct?
I have one full time, un related employee and not more than 80% of my income is from one person.

Is it better to buy or lease a vehicle for a commission earner?

  Written by Evan   Posted 16 November 2015

I am a real estate agent and require a vehicle to travel to appointments, etc. Would it be better to buy a vehicle (new or used) or lease a vehicle? My understanding is there are greater tax benefits in leasing (claim 100%) while buying a vehicle there is only a portion of the vehicle and interest you can claim. Is this correct? Which would you recommend?

Travel Claim for independent contractor

  Written by Evan   Posted 16 November 2015

Firstly, thanks for this very informative site!

I am an independent contractor. I have used my vehicle for business use (without making a claim for re-imbursement) and have recorded this in a logbook. May I claim depreciation for my vehicle (under 4027)? Also where do I claim my business mileage travelled (code 4015 is greyed out)? And what value do put in as a claim? Is it the km multiplied by some rate? And what rate would that be?

I also have used my cell phone to make business calls and have ADSL which I use for doing work related activities. Where do I claim these amount?...

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Foreign service income exemption

  Written by Evan   Posted 13 November 2015

I was hoping to pick your big tax brain before I submit my tax return and cause chaos at SARS.... I qualify for S10(1)(o) in terms of foreign services rendered as I meet the requirements in this regard. My dilemma is I don't know which part of my income I can use to claim the applicable portion of this exemption i.e. Income (3601); Annual payment (3605) etc. To further complicate the situation I had share options exercised in the same tax year!

Would you mind confirming which source codes I can use in the claim?...

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Travel allowance offshore

  Written by Evan   Posted 13 November 2015

Is the offshore allowance for travel R3000 for 2015?

Deductions for 3713 motor vehicle allowance

  Written by Evan   Posted 12 November 2015

I receive a car allowance listed under code 3713 on my IRP5 in addition to my reimbursive travel claim, listed as 3702. Can I claim any deductions against the 3713 allowance and if so, what deductions will be allowed?

Supporting documents for capital gains

  Written by Evan   Posted 12 November 2015

I just got notified that you submitted a revised ITR12 which records the primary residence exclusion of R2000 000. The new ITA34 I received now reflects an amount of -R14 290. 15. But now I am being audited. They are not clear on the documents that I have to submit. They ask for my IRP5, medical aid certificate, IT3B tax certificate. With regards to the capital gains part, there are no specific requests. Should I submit the final statement of accounts for the purchase and sale of my former resid...

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Can I claim private or official used km

  Written by Marc   Posted 11 November 2015

Income source code 3802 can I claim private or official km

Code on IRP5 for housing subsidy

  Written by Marc   Posted 10 November 2015

Housing subsidy - Code on IRP5. Don't know if it is code 3601

What is the tax definition of carrying on a business.

  Written by Marc   Posted 10 November 2015

I have been unemployed for the 2014 / 2015 tax year. For income, I have been getting casual work here and there. By casual I mean I worked on some events, did some technical drawings for a company and then helped with a school magazine. I was paid for all these jobs, for which I had to invoice and naturally I incurred expenses to do these jobs. Two events were overseas. There were a few months when I had no work at all. (My taxable income is less that the R70700 threshold. ) My question is, does...

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PAYE/ Tax on Commissions

  Written by Marc   Posted 9 November 2015

I am paying employees a monthly salary as well as commissions on top of the monthly basic. Do I have to deduct PAYE separately from monthly basic and then using a different PAYE/ Tax Rate for the commissions?

Commissions are available every month, however not every month has commissions paid to the employee. What would be the easiest and best way to understand this as well as being as SARS compliant

Independent Contractor can you claim depreciation on your vehicle

  Written by Marc   Posted 9 November 2015

As an individual with additional Independent Contractors remuneration, can you claim depreciation on your motor vehicle even if you get a travel allowance on your main income.

Must I submit returns for previous years when I earned very little? (single income, no claims)

  Written by Marc   Posted 9 November 2015

After phoning SARS about an eFiling problem (presently 2015), I was told by the consultant that my tax return for 2013 was overdue. I responded that I hadn't been making anywhere near the tax threshold that year, and that various SARS website material, tax-consultants & SARS consultants over the years had confirmed as much (single source income, no med-aid, no R/A, no travel, no NPO-PBO donations, etc). He responded that everyone had to submit a tax return every year, regardless of how much they...

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Travel allowance for commission earner

  Written by Evan   Posted 6 November 2015

I am currently at the travel allowance part of my tax return. This question arises. Do you receive a travel allowance from your employer? Click Yes if source codes 3701 or 3702 appear on your IRP5, AND if you kept a vehicle logbook. My answer is no as those source codes do not appear on my IRP5. However I am a full commission earner and keep a logbook. Where will I input those figures/amounts?

Parking expenditure

  Written by Evan   Posted 6 November 2015

As a SARS commission earner, can I claim my parking expenditure charged by my office?

Can use of vehicle be classified as fringe benefit

  Written by Evan   Posted 5 November 2015

Directors purchase 2 luxury motor vehicles on company name. But the installments are being paid off the directors loan account. SARS raises an assessment on the directors personal capacity stating understated PAYE. Can SARS do this? Can an objection be raised?

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.

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?

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

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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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?
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