Can I claim my rental paid in offset against my rental income received?

  Written by Marc   Posted 11 November 2013

I am renting out my property (that I own) in the suburbs and I am renting a property in town to live in. The rental income for the property that I own is far less that what I pay for rent in town. Can I claim my rent paid under 'Rental Paid'on my SARS eFiling tax return?

Do people get such a big refund from SARS?

  Written by Marc   Posted 11 November 2013

Is it possible that year I can get a refund of almost R35 000? I have put in all my incomes and expenses...but am a bit worried. I do have a directive and am claiming for certain expenses as a sole commission earner. Last year was a refund of only a few thousand rands, same as previous year and year before that I had to pay in R55 000 or so as I was new to the whole directive thing and I chose the wrong %. So since then I made sure boss takes off lots of tax.

If I register for turnover tax would I still need to register for personal income tax?

  Written by Marc   Posted 11 November 2013

I am starting a retail store business, selling hand-made products. This business will be run as a sole proprietorship and the premises for the store will be leased from the property owner.
I have never registered for income tax (personal or company) before.
I forecast turnover of about R300,000 per year and am considering registering for SARS turnover tax.
If I do register for the turnover tax would I still need to register for personal income tax? I have set up a separate busin...

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Do I need to complete a tax return?

  Written by Marc   Posted 11 November 2013

I live from the income of 2 cottages on my property, do I have to file a return for tax on this income received, please would you be so kind as to inform me.

I am 67 years old, can I claim medical expenses not on script and not covered by medical aid?

  Written by Marc   Posted 11 November 2013

I am 67 years old and need to know whether I can claim medical expenses that are not on scripts and not covered by my medical aid.

Can you claim a daily $ allowance from SARS for business travel outside of RSA?

  Written by Marc   Posted 10 November 2013

I am a South African resident, that often travels across the border for business purposes. These trips are usually only a few days long and are paid for by the company. It has been mentioned to me that there may be a system called per diem, in which one may be able to claim a $ allowance amount per day spent across the border. Do you know anything about such a system and if so, how does it work?

Thanks Tim, you explain things very well.

  Written by Marc   Posted 9 November 2013

Thanks Tim, you explain things very well.

Local taxation of UK Pension?

  Written by Marc   Posted 9 November 2013

I turned 65 in February and after a brief visit to UK established that I qualify for a small pension based on what I paid in before emigrating to SA. It amounts to some R40k per annum. I am presently unemployed (no salary presently) due to losing my business last year, but I am working on changing this situation (may be salaried later this year). Two questions:1) if un-salaried would this small amount of pension be subject to tax by SARS.2) if I had the tax from UK paid into my local bank accoun...

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How do I delete an erroneous return from my statement of account with SARS?

  Written by Marc   Posted 8 November 2013

This is a great site, thank for all the effort you put in to helping others. My question is as follows:

I completed my 2013 return. I was then selected for random audit, and submitted the required documents. However my 2009 documents were submitted for my 2013 return (long story!). This resulted in me owing SARS R3,500. I requested a correction, which was done, and my corrected 2013 return reflects that SARS owes me a refund of R1,600. However, the erroneous R3,500 refund figure is still reflected on my statement of account. So SARS is requesting that I pay the remaining balance of R3,500-R1,600. ...

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Can l still do my tax returns from 2004 on TaxTim

  Written by Marc   Posted 8 November 2013

l have never submitted any tax return forms since 2004 will you guys be able to help me?

How long does it takes to get a tax number because I need it as soon as possible?

  Written by Marc   Posted 8 November 2013

I registered today but I do not see my tax number on the copy that they gave me?

MEDICAL AID CONTRIBUTION CLAIM FOR UNEMPLYED HOUSEWIFE?

  Written by Marc   Posted 8 November 2013

CAN YOU CLAIM FOR MEDICAL AID CONTRIBUTIONS IF YOU WERE UNEMPLOYED. IM A HOUSEWIFE AND THE MEDICAL AID IS ON MY NAME. I GET AN "ALLOWANCE" YOU CAN SAY FROM MY HUSBAND. AND WOULD I HAVE TO SHOW THE ALLOWANCE ON MY TAX RETURN

Is registering a second bond in order to reduce rental income tax legal?

  Written by Marc   Posted 7 November 2013

I own two properties. Property A is my primary residence, and is bonded for R700k. Property B is a rental property, is valued at R1m and is bonded for R500k. I make a rental profit from Property B after deducting the loan interest and all other deductible expenses, and thus pay tax on that net income. My idea is to register a second bond on Property B for an additional R500k, and transfer that money into the bond of Property A. The increased interest paid on the combined bonds of Property B woul...

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how to get IT34 From SASSA?

  Written by Marc   Posted 7 November 2013

I have been asked to send IT34 by my medical scheme in order to processed a document, so how can I get hold of that ITA34?

Can codes from multiple IRP5s from the same organisation be added together?

  Written by Marc   Posted 7 November 2013

If I have 2 IRP5 forms from the same institution-do I have to enter all of their information separately or can I add up the amounts for each source code together?

Fines Payable on Audit discrepancies?

  Written by Marc   Posted 6 November 2013

I am getting audited - if they pick up a discrepancy is there a fine I will have to pay? I am not a tax expert and is worried that I made a mistake.

being selected for an audit with no supported documents

  Written by Marc   Posted 6 November 2013

Last year a friend of mine registered me on eFiling so this year I went through a tax practitioner to claim for the first time. The lady claimed for medical and I don't have a medical aid. Then SARS phoned me and said they needed my medical certificate to be submitted within 21 day otherwise they are going to give me a penalty but I don't have medical aid and now they are thinking I was being dishonest and selected me for an audit. I am so scared now as its the first time I am claiming. What mus...

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Where can I find a tax certificate from SARS?

  Written by Marc   Posted 6 November 2013

Where can I get a copy of my tax certificate that shows that I am register for tax as my work need it and don't just want the tax number?

Where to find my tax number and an IRP5 form?

  Written by Marc   Posted 6 November 2013

Where can I get hold of this IRP5 form and how do I find out what my tax registration number is?
My company does not supply me with anything.

No feeback from SARS? Now what?

  Written by Marc   Posted 6 November 2013

I went to submit my tax retun to a mobile office at Kokstad library on 1 October 2013,I did not get any feedback, like last year where you sent a thank you note. I'm not sure whether I appear as a taxpayer.

Was sequestrated last year. How do I register on eFiling again with my new tax number?

  Written by Marc   Posted 6 November 2013

I was sequestrated on 29 November 2012. I can't log into e-filing to complete my Tax Return!!! What do I do now? I had to get a new Tax number and tried to register with that but I don't think it worked???

Confused taxpayer!

  Written by Marc   Posted 5 November 2013

I started working on April 2009 and got my 1st IRP5 in 2010 and I submitted it and they told me that it was not necessary for me to submit since I don't have medical aid and annuity then I did not submit in 2011 and 2012 and I got a letter and SMS telling that I owed SARS R500 for not submitting in 2011 and 2012, now my problem is why was I told there was no need for me to submit and yet I'm being told that I'm owing...is it my fault because I knew nothing about tax returns back t...

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Tax status with SARS?

  Written by Marc   Posted 5 November 2013

How will I know if my tax status is up-to-date?

Physical Presence test questions?

  Written by Marc   Posted 5 November 2013

I have had a complex tax year!

Firstly I am a RSA resident.
From 1/3/2013 - 18/5/2013: 79 DAYS I worked in USA, and was paid by the USA firm.
From 13/08/2013 - today: 72 DAYS I have worked in Zambia on contract, paid out of SA.

My questions are:
1. If I go passed the 183 days, will my tax be refunded?
2. What am tax am I liable for if I had to go passed the 183 days?
3. If I go on holiday for the remaining 40 days outside SA does that count, or do...

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Are there possible penalties associated with becoming tax compliant?

  Written by Marc   Posted 4 November 2013

I want to become tax compliant. If I apply for a tax registration number, would I have to pay penalties for not being tax compliant during previous years?
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