Latest Posts in Tax Q&A

How can I change my email address on TAxTim?



I am registered TaxTim user, is it possible for me to change my email address?

Are retrospective changes to an IRP5 possible with SARS?



I am an independent contractor and do consulting work for a number of companies at any given time. When the one company submitted the 2016 IRP5 they erroneously categorized my source code as 3601, instead of 3616 for independent contractors, hence I cannot claim costs. I have asked them to amend the IRP5 but they say they cannot because they have finished their tax recon and signed off on 2016 and can no longer make changes. Is this true? What alternatives do I have?

SARS ring-fenced the loss on my rental property, can I request that they revise my assessment?



I had a property that I rented out to tenants for the last 4 years. In the 2015/16 tax year, I made a loss on this, due to the expenses exceeding the rental income I received. I reflected this loss in my tax return. SARS then audited my tax return, and they ring-fenced the loss. However, at the end of the 2015/16 tax year, I sold the property, and have obviously not been receiving rent or incurring expenses relating to the property since then. What now happens to the ring-fenced amount? Am I entitled to ask SARS to re-assess given the circumstances? Or do I just accept it as a loss?...

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Where do I enter source code 4006 info?



Where do I enter source code 4006 info? It's on my RA Contribution Certifcate from Liberty Life. It's a monthly debit order from my bank account.

IS there a special code that I should capture on my IRP5?



What code should I use on my IRP5 if I am a sole proprietor providing management and labour law consulting services?

How do I get SARS to acknowledge my expenses?



I sent through all the supporting documents but SARS ignored my expenses and redid my tax return and are now saying that I owe them?

Old donation, can I claim it now?



In 2013 I made a donation of R5000 to a registered charity which I forgot to claim.
Is it possible to claim it in my 2015/2016 tax return?

If I have been medically boarded and receive income protection benefit does this mean I am disabled?



I was medically boarded at the end of 2015 but am covered by a Discovery Income Protector policy. Does that mean I am "disabled" for tax purposes?

Am I required to pay tax if my employer is a non profit organisation?



I am working for a non profit organisation and earn R6400, do I have to pay the tax over to SARS directly or does my employer do this?

Income tax and a partnership



Does a partnership need to register for income tax if they are registered for VAT?

Out of pocket expenses with no medical aid, can I claim?



Can you claim for out of pocket medical expenses if i did not have a medical aid and will this decrease my tax liability?

Can I claim for depreciation on my vehicle?



Can I claim for wear and tear on my personal vehicle and how do I do it? I kept a logbook because I am getting a non taxable allowance for the km driven for business purposes.

Freelancer and full time employee, how does my tax work?



I am full time employee and I have already submitted this current year's tax return.
I am a freelancer in my spare time as I started doing online work and earning dollars.
What is the tax implications and how do I go about it? Could I claim back on the use of my computer etc.?

Can I claim my business travel expenses against source code 3703 if my km travelled exceeded 8000km?



Can I still claim travel expenses as my employer pays for the km I drive with my personal vehicle, the Km exceeded 8000km but on my IRP5 it is under source code 3703? I also kept a logbook.

Ending date for tax submittance



When is the closing date for the tax 2016 individual tax return submission?

I have medical expenses but no medical aid, can I claim?



I don't have a medical aid can I still claim for medical expenses?

Is valuation costs of a building that was sold tax deductible?



Is valuation costs on a factory that was sold tax deductible? Or should the fee paid form part of the base cost for CGT purposes?

Rental property allowable deductions



I bought a property and am renting it out. I know I have to submit the rental income. Am I also able to submit the expenses (i.e. Transfer / legal cost to obtain the property) levies paid, rates and taxes and electricity for this property?

Travel Expenses Code 4015



I did my SARS eFilling tax return through TaxTim and I completed the Travel Expenses Section, 4015, as R72902. I am being audited and I am not quite sure anymore what that amount includes, they only thing I can think of to get to such a high figure would be my car payments per month? Please advise what deductions are allowed under this code and what proof I need to send SARS to support this?

Will I be taxed on an international bank transfer?



I need to make an international bank transfer into an overseas account one similar to PayPal.
The bank is however asking me for my tax number before proceeding, I understand one can take up to R1 million per annum offshore and therefore by asking for the tax number it falls under a purchase/discretionary allowance and not a gift because I am transferring to my own account similar to PayPal.
My question is will I be taxed on the purchase if I give my tax number? There is also an optio...

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What does code 3698 refer to?



I have a code 3698 on my IRP5, must I complete this amount under 4006?

How do I submit my returns, TaxTim is asking me to pay again?



I paid TaxTim earlier and received a payment confirmation, but whenever I try to complete my return I am requested to make a payment?

Can I claim for my business travel?



I submitted my tax return and answered yes to having a logbook, I however cant locate it right now and was wondering if I can resubmit my return and just click the No option on the logbook question instead of yes?

At 82, are you still required to pay PAYE and UIF?



If you are 82 years of age, do you still pay PAYE and UIF?

What happens if I use TaxTim already but want to make use of the free Sanlam Reality service?



I have been using TaxTim for many years, and now I see that Sanlam Reality is offering TaxTim as a free benefit to its members. How can I start using TaxTim for free if I have already registered?
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