Written by Marc
Posted 17 September 2012
Written by Marc
Posted 17 September 2012
Great informative site!
A question for you please.
I live in the UK (and have done so for the pass 12 Yrs) but was born and bred in South Africa. I therefore have dual citizenship, having not renounced my SA .
I have recently been bequeathed property back in SA, which I plan to rent out for R5k/month.
Am I a tax resident now that I own an asset in the country and do I need to register as one now that I own property and do I need to start paying tax on the rental income ?...
Written by Marc
Posted 17 September 2012
Written by Marc
Posted 17 September 2012
Written by Marc
Posted 17 September 2012
Written by Marc
Posted 17 September 2012
Written by Marc
Posted 17 September 2012
Written by Marc
Posted 17 September 2012
Written by Marc
Posted 17 September 2012
Written by Marc
Posted 17 September 2012
Written by Marc
Posted 17 September 2012
Written by Marc
Posted 17 September 2012
Written by Marc
Posted 17 September 2012
Written by Marc
Posted 17 September 2012
Written by Marc
Posted 17 September 2012
Written by Marc
Posted 17 September 2012
Written by Marc
Posted 17 September 2012
Written by Marc
Posted 17 September 2012
Written by Marc
Posted 16 September 2012
Written by Marc
Posted 16 September 2012
Written by Marc
Posted 16 September 2012
Written by Marc
Posted 16 September 2012
I have taken over a business from my parents. It's a little recycling business. I am unable to contact them to ask them but the business is now registered in my name and after a friend asked me if I paid tax recently i started to worry because I really know so little about it. At the moment my income per month is about 80k but my expenses are so high I earn 4 to 7 k a mouth plus out of that comes my personal rent and living expenses...so very little at the end of the day...my bank account has an amount of - 4k in....please take my worries away? should i be stressing? ...
Written by Marc
Posted 25 August 2012
I submitted my returns on efiling about 3 weeks ago. When I called for a follow up, I was advised my address is "unknown" on the system and that I'll have to go to the SARS branch with my bank statement, certified ID copy and proof of residence. I did than on Monday and when I called again on Thursday, I was told to go to the branch again to update my details as the system still said my address is "unknown". I advised the lady that I was there on Monday and she didn't sound too sure but said my details should be updated after 41 days and only then will I receive my payout....
Written by Marc
Posted 20 August 2012
Written by Marc
Posted 20 August 2012