How to calculate Tax Refund if over 65 with a disabled dependent

  Written by Marc   Posted 22 August 2013

I am completing my father's Tax Return for him. He is over 65 and has a dependent, my brother, who is mentally disabled. I have indicated this as such on the return and can see from the calculation that the full medical amount listed is shown as a deduction from the taxable amount. What is confusing me is the only amount being reflected as a refund is the PAYE he paid on some shares that he cashed in and there is no additional refund for any of the mental disabilities. Am I understanding the med...

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Allowable vehicle expense deductions

  Written by Marc   Posted 21 August 2013

What vehicle related expenses can I claim as deductions? I am a property manager and rental agent and use my vehicle mainly for work purposes. I know that any expense incurred in the production of income can be deducted, so can the cost of my vehicle (repayments) be deducted?

What does a reduced assessment mean on your SARS?

  Written by Marc   Posted 21 August 2013

What does a reduced assessment mean on your SARS?

Can taxes be deducted if you have never earned more that R40 000p/a?

  Written by Marc   Posted 21 August 2013

Hi Tim

My husband earns about R44 000p/a. For the past 3 months, money has been taken out of his account by SARS. According to them, it is outstanding taxes from years passed when he neglected to pay his taxes, however this is the most he's ever earned.

Is that at all possible with his salary?

How does source code 3697 and 3698 work?

  Written by Marc   Posted 21 August 2013

I am trying to complete my tax return and IRP5 and I am unsure as to whether the gross income amounts go under 3697 or 3698. My question is, which one do I use?

Do I owe SARS or do they owe me for the past twenty years that I worked?

  Written by Marc   Posted 21 August 2013

Since I started working I have never made a tax return claim from SARS for the past 20 years. Do I owe SARS or does SARS owe me?

I wanted to know if my divorce settlement is taxed?

  Written by Marc   Posted 20 August 2013

Hi, I got divorced last year and I got 50% of his money since we were married in community of property. When I went to claim it I was told I had to pay tax on it, but I never got any paper document of the amount to be taxed, I only got the IT150 paper.

I have never worked in SA and lived abroad since I started my career, must I file for tax in SA?

  Written by Marc   Posted 20 August 2013

Dear Tim,

I am South African citizen. After my studies I went abroad and have lived in the same country since I left SA. I am not registered as a tax payer at SARS but I do have a bank account in SA and sometimes I will send money back to SA.

1) Must I file a tax return every year even though I am not registered at SARS and I have not worked in SA?

2) Sometimes I would like to give money to parents (they live in SA), but I know that there is a limit to how much ...

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I don't have a IRP5

  Written by Marc   Posted 20 August 2013

Is it possible for me to claim tax return wthout having the IRP5?

Are you able to calculate how much I might be getting / owing ?

  Written by Marc   Posted 20 August 2013

Hi Tim

Are you able to calculate how much I might be getting / owing from SARS?

Thanks

How do I work out medical aid contributions when I had 2 employers in the tax year?

  Written by Marc   Posted 20 August 2013

I have 2 IRP5s from changing jobs last year and each employer contributed a different amount to my medical aid. How do I calculate my medical aid contributions?

Medical aid source code 4116

  Written by Marc   Posted 20 August 2013

Is the medical tax credit stated under code 4116 on the IRP5 to be separately shown on the return again?

Forgot my SARS user name and password

  Written by Marc   Posted 20 August 2013

Hi
I need help, I have saved my SARS eFiling user name and my password on my phone, but now that I have lost my phone I don't remember my password and user name. I tried to call SARS but I have been holding for a long time - my money is finished.

I will really appreciate any help.

Difference between document verification and SARS audit

  Written by Marc   Posted 20 August 2013

Hi Tim, what is the difference between a document verification and an audit from SARS?

Is a?sale of shares held as an investment taxable?

  Written by Marc   Posted 19 August 2013

A?sale of shares held as an investment, is it taxable?

Application to register as an employer must be made on which?form?

  Written by Marc   Posted 19 August 2013

Application to register as an employer must be made on what?form?

Tax threshold for business

  Written by Marc   Posted 19 August 2013

Myself and two others are going to try sell octane boosters in our spare time for extra money as we are students. What are the rules we have to follow if any?

Medical Tax Credit - does same rule apply to non medical aid taxpayers?

  Written by Marc   Posted 19 August 2013

Goodday, my question regards the Medical Tax Credit - everything I have read on it seems to apply to taxpayers that contribute to a medical aid scheme. Does the same rule apply for taxpayers who do not have a medical aid scheme but are trying to claim back medical expenses?

Tax on rental income, bond in two names.

  Written by Marc   Posted 19 August 2013

I am co-owner of a townhouse and we are in the process of letting it. I understand that we can offset certain expenses (of a non-capital nature) to the income, to alleviate tax paid thereon. But now there is still the question of how to "split" the income and expenditure between the two taxpayers in question? We are engaged and have a 50/50 interest in the townhouse and all costs and expenses are shared between the two of us at the same ratio. Please advise.

How can I get an ITR12 income tax return form?

  Written by Marc   Posted 19 August 2013

How can I find an ITR12 income tax return form to fill in?

How to declare foreign salary on ITR12 form

  Written by Marc   Posted 19 August 2013

Hello Tim,

I earned a SA salary and lived in SA until September last year, afterwards I went back abroad/overseas to my home country and worked there. I already submitted my SARS ITR12 form and I did not mention my foreign earned salary income because it is already taxed abroad and I also could not find the section to add this amount on the ITR12 form. Now my ITR12 form is under verification and I have to submit all relevant forms. Does SARS need my foreign payment slips and do they need my foreign bank statement with the interests? I declared a few rands which I earned on my foreign bank account which is below the threshold...

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Need to know why I must pay in a lot of money

  Written by Marc   Posted 19 August 2013

Hi I submitted my tax return for 2012 and was told that I must pay R3400.00 subject to a audit. My docs were forwarded to the auditors. What does that mean please?

Medical aid in my name, but wife pays for it

  Written by Marc   Posted 19 August 2013

The medical is in my name, but my wife pays for it. Who gets the benefit of including it on your tax tax directive? Myself or my wife, since we both have different tax numbers. Thanks. We are married, outside community of property, anti-nuptual with accrual.

When is the deadline to submit a IRP 5 form?

  Written by Marc   Posted 19 August 2013

When is the deadline to submit a IRP 5 form?

I was unemployed for 1 and half years. Can I still claim for medical expenses?

  Written by Marc   Posted 18 August 2013

I was unemployed for 1 and half years. Can I still claim for medical expenses?
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