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?

2014 tax year - What is the exempt amount on the interest from investments?

  Written by Marc   Posted 18 August 2013

2014 Tax Year. What is the exempt amount on the interest from investments?

Medical expenses deduction without medical aid

  Written by Marc   Posted 18 August 2013

Hi. I recently went to SARS and I got my refund back. However I also submitted medical receipts to the value of R3266. My total income was R13850. The amount I got back was R3463. I'm not on any medical aid. I pay cash. Do I not get back some of my medical expenses?

Who qualifies to claim for depreciation?

  Written by Marc   Posted 17 August 2013

Which kind of taxpayer qualifies to claim for depreciation of assets?

Tax reference no

  Written by Marc   Posted 17 August 2013

What is my tax reference number?

Provisional Tax form completion for declaring Capital Gains

  Written by Marc   Posted 17 August 2013

I've cashed out my investment portfolio in May this year, in preparation for emigration, which will be completed in September this year. So I need to fill out a provisional tax declaration for capital gains, which comes to around R75k. I also haven't been in South Africa for the entire year - we moved overseas before the tax year started. So I haven't earned any income in South Africa to declare.

In the provisional tax income form, I fill out the R75k as "Gross/turn over", and have calculated the taxable income as R14k (R75k - R30k excluded amount for capital gains per year x 33.3% inclusion rate)....

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Tax number

  Written by Marc   Posted 17 August 2013

What is my tax reference number?

Can l get my IRP5 direct from SARS

  Written by Marc   Posted 17 August 2013

The company that l was working for closed and I am failing to get hold of the Accountant. Is it possible to get my 2010 IRP5 directly from SARS for e-filling purposes?

Employer won't give my IRP5, says it is on the system already. How long does it take?

  Written by Marc   Posted 16 August 2013

My employer doesn't want to give me my IRP5 form. He said he has already submitted for everyone since July. How long does it take to get on the system?

Cell phone depreciation

  Written by Marc   Posted 16 August 2013

I took out a 24 month cell phone contract at the end of January 2013 that I pay for on a monthly basis. My phone is used for business and personal purposes. I wish to write off my cell phone as a depreciation deduction (source code 4027). The cell phone handset is valued at around R6 799. Does this mean that I can write off the full amount of R6 799 for the 2013 tax year as it is less than R7000? What can I use as proof for SARS? A letter from the cell phone company confirming the value of the h...

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SARS working days

  Written by Marc   Posted 16 August 2013

How many days do SARS open per week?

Selected for audit with travel allowance. How long to resolve?

  Written by Marc   Posted 16 August 2013

Hi Tim

This is a really helpful forum.

I have a query which I require advice on or a possible solution.
I completed my tax return on the 14 July 2013. In the prior year I received my refund in 2 days but this year I had been selected for verification and I submitted all the documents (logbook etc) and then few days later (23 July 2013) I get a notice letter from SARS saying I'm referred for audit (sad I know), so I waited and yesterday I had no response from SARS regards the referred for audit. ...

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Do interns that earn R1200 every two weeks have to get taxed 25% every time they get paid?

  Written by Marc   Posted 15 August 2013

Do interns that earn less than R3000 a month have to get taxed? And if an intern earns their money every two weeks do they have to get taxed 25% every time they get paid?

Source code for interest on pension fund

  Written by Marc   Posted 15 August 2013

Hi Tim, I have an IT3(b) letter stating that I should include the amount of R...... interest received on my Pension Fund that I have received. I am not sure under which source code I should put it?

What can I do when I can't find my old IRP5 for SARS?

  Written by Marc   Posted 15 August 2013

What can I do when I can't seem to find an old IRP5 for SARS? They need it for my tax return.

ITR12 requires VDP code

  Written by Marc   Posted 15 August 2013

Hi Tim

Please assist me. I need to submit my saved ITR12. What steps do I have to follow? There are 3 questions that I am unable to fill: 2 double block questions requesting for codes and a VDP form number.

Thanking you.

Does everyone need to be registered for tax?

  Written by Marc   Posted 15 August 2013

Hi.. I would like to know if you are getting paid less than R3500 per month do you have to register for Tax and SARS?

Who should pay tax?

  Written by Marc   Posted 15 August 2013

I have no clue whether I need to pay tax or not? Is there a difference between tax and U.I.F?
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