CODE 3805, CAN I CLAIM

  Written by Marc   Posted 24 May 2015

Hi Tim, can I claim on code 3805 as per my IRP5

Capital gains tax on sale of house?

  Written by Marc   Posted 24 May 2015

I bought a house in November 1999 for R275,000. It was my primary residence up to November 2014, since then I rented it out. If I sell it now for R1,000,000 what will the basic cost be? And the capital gains tax?

Tax calculation on retirement?

  Written by Marc   Posted 24 May 2015

I intend to retire at 44, and lump sum is about R719000. How much tax am I to pay?

What is the impact of the tax credit in a case where the employer pays 50% of the monthly medical co

  Written by Marc   Posted 24 May 2015

What is the impact of the tax credit in a case where the employer pays 50% of the monthly medical contribution and the employee pays 50% of the medical aid contribution?

GEPF options to minimize tax?

  Written by Marc   Posted 24 May 2015

I am resigning from the GEPF. I have two options either transferring to a preservation fund or having the money transferred into my bank account. What are the benefits of the two methods in terms of the tax that I will pay

Taxed 199999 from provident fund how much will I get?

  Written by Marc   Posted 17 May 2015

How much will I get from SARS after been taxed R199999 from my rovident fund

Approved I'll health retirement

  Written by Marc   Posted 17 May 2015

If I am going on early I'll health retirement and I am disabled, is my lumpsum still taxable?

Purpose of provisional tax?

  Written by Marc   Posted 17 May 2015

What is the purpose of provisional tax?

I need my eFling details please?

  Written by Marc   Posted 17 May 2015

How can I see what my details is at tax as I want to register for eFiling but they say my info is not the same.

Non residents - do I need to submit a tax return on interest payments

  Written by Marc   Posted 17 May 2015

I am a non resident but earn a small amount of interest from a FNB non-resident bank account. Do I need to submit a tax return. Can I do it through TaxTim

Vat return Inputs and Outputs?

  Written by Marc   Posted 17 May 2015

I am currently busy with my company's VAT return for March and April, but our invoicing is a lot more than our purchasing. It looks like we will have to pay about R180k, My question is : Can I hold back on some of our invoicing when submitting my return? Since we have 5 years to claim it?

Import and export VAT?

  Written by Marc   Posted 17 May 2015

My Company has made use of a shipping agent to clear our containers however, I am told that we can claim the vat on this (when the shipper has paid for it already) We have not paid the agent our self, Is it possible to claim this vat? even though we have not paid the Agent.

Can I open offshore company/trust in tax-haven countries to avoid paying full tax in SA?

  Written by Marc   Posted 17 May 2015

Is it LEGAL or ILLEGAL? Can I open offshore company/trust in tax-haven countries like Mauritius to avoid paying full tax in South Africa? I would like to know is it legal or illegal as per SARS code of conduct? waiting for reply.

Will I have to pay more tax if buying property when I dont pay personal tax working abroad?

  Written by Marc   Posted 17 May 2015

Hello, I will be working abroad for a year and upon my return would like to buy a house, what is the tax implication for this? as I would have been tax exempt being out of the country for a year.

How do rebates work?

  Written by Marc   Posted 17 May 2015

I have started a new job and have been told my salary will be R7000 a month, on top of this, they are saying that I am going to be taxed 18% per month. I am just a bit confused. . This seems very high for such a small salary. . . And then there comes the topic of rebates. I have been told that at the end of the tax year I can claim this back? But this is all going over my head, can you please confirm that the 18% a month tax is correct (i do not have any medical aid, retirement funds etc) and th...

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Public Benefit Organization rental income tax exempted?

  Written by Marc   Posted 17 May 2015

If a Public Benefit Organization that is tax exempt wants to lease a part of their property for the Establishment of a Telecommunication Basestation, will they loose their Tax Exemption and will they have to pay tax on that rental income?

What is my SARS income tax number?

  Written by Marc   Posted 17 May 2015

What is my tax number?

If I pay for my medical aid personally how do I calculate and claim for a tax refund?

  Written by Marc   Posted 17 May 2015

I am paying for medical aid personally on a monthly basis and I would like to know how to calculate the tax return I will get for this? Do I get any? If I get a refund will it just be for medical aid or could I apply for my gap cover as well? And then how do I claim for this? Is it too late for the 2013/14 year? Could I lump two claims together in the 2014/15 year?

On a fix income of R4000 with no extra benifits what will the PAYE amount be?

  Written by Marc   Posted 17 May 2015

I think of starting a new business. My employees will receive a fix monthly income of R4000. What amount will I have to deduct from their payslip for PAYE?

Definition of a Tax free savings account?

  Written by Marc   Posted 17 May 2015

I am interested to know 'what is the definition of a 'tax free savings account''? Will I have to open a new account or will any savings account qualify for the R30 000 deduction?

Refund on building costs as a non resident South African Citizen?

  Written by Marc   Posted 17 May 2015

I am a non resident South African citizen working and living abroad in Saudi Arabia for just over 6 years. I visit South Africa at least 3 times a year for periods of either two to three weeks at a time. Last year these visits where in April then May then July. My question really relates to my current property in South Africa. I am renting the properties out however and have had various renovations done. I would like to ask as a non resident can I claim back the VAT on this for example I had gat...

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Income Tax number with SARS

  Written by Marc   Posted 17 May 2015

Do you only have one tax number in your life I've started to work in 2000 but only got a tax number in 2011?

How do you calculate payment and PAYE UIF for one day annual leave

  Written by Marc   Posted 17 May 2015

How do you calculate payment and PAYE UIF for one day's annual leave that was not taken?

Tax returns for the last 4 years - need to submit to SARS

  Written by Marc   Posted 17 May 2015

I have been living in Australia for the last 4 years and need to do my tax returns for that time. I didn't realise I needed to do them unfortunately. I have not been earning a salary in South Africa since I left in December 2010. Can you help me with this?

URGENT ASAP

  Written by Marc   Posted 17 May 2015

Hi tim im living in south africa cape town all my life im 24 and I work for a aircon company and get payed 5200 a month do I need to pay tax coz my boss takes tax of our pay but I never filled in a form im been working for him for 3 years and few months I think he stealing our money coz I asked for a irp5 form in 2014 I got it but by paye it says o. Oorand but uif there is a amount but on my payslips I pay paye and uif what do u think I must do PLS HELP ME THANK U SHANE MY EMAIL greeffshane05@gm...

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