Latest Posts in Tax Q&A

Can't get my IRP5



I'm unable to get my second IRP5 from my part-time employer - would I be able to access it on the SARS website?

Business Tax Return



I just wanted to find out if you deal with business tax? I've recently started a company and would just like to know what SARS will want to see in respect to my accounting when I file a tax return? Essentially, what is the bare minimum if they audit?

Capital allowances written off



"Capital allowances written off" I do not understand what this statement means.

IRP5 changes



How come my IRP5 is different from last season? there's no code 3697 and 3698

Which option do I select on eFiling?



Which field do I select on eFiling to add income (in dollars) earned from freelancing?

Deleting banking details



I've submitted my tax return and I'm due a refund, without any audit done. However, SARS said I need to delete two of my three banking details as they wouldn't know where to pay the refund. On the correct banking details it has a status 'Outgoing', is this fine or should I continue to delete the old banking details?
And will this delay the refund due to me?

Travel Allowance Claim



I get a travel allowance, but I use my wife's vehicle for business purposes
as we work together. Can I claim travel expenses?

How does it work when you worked 2 post in the same fiancial period



I have been working as an intern at George Municipality from 1 March to 31 December 2016 and on the 1st of January 2017 I got a permanent post,i received 2 IRP5's and on them reflects that I worked 12 months in this tax period on the old one and worked 1 month on the new post and I think it is supposed to be 10 months the old post and 2 months the new posts to make it 12 months. . . Am I wrong?

Can I claim medical aid premium costs



Can I claim for the medical premium that I pay for my parents? We help them financially with medical aid and other costs on a monthly basis. They are not dependents of our own medical aid - we just pay their Discovery medical aid premium.

Indemnity insurance tax deduction claim



Can a pharmacist working for the government claim as a tax expense professional indemnity insurance? My income source codes on my IRP5s are 3601 and 3605.

Rental Income and bank charges



Good day Tim,

Are bank costs allowed to be deducted against rental income. Also what is teh limit here - the FICA rate is R59pm fee, but some banks include it in the monthly bank facility fee say R200pm - is the 200 claimable?

Depreciation on a cellphone



I have a pay as you go cellphone that I bought cash. Thus I unfortunately do not have monthly statements to determine an exact break between business and personal use. I spend about R300 pm on airtime and I receive a cellphone allowance of R750 pm from my employer. How do I calculate and show the depreciation amount and do I need a letter of consent if the allowance is shown on my salary slips?

When you pay an RA directly



I personally paid money into a retirement annuity fund, and not via my employer - where do put this in my tax return please?

Medical contributions claim by dependent



My husband and I are both on a medical aid where he is classified as being the main member, and myself as number 2. Whilst our monthly contributions are taken from my husband's bank account (as the main member), I pay for my portion each month by making a deposit into his bank account. How do I go about capturing this correctly via TaxTim as I want to ensure that I can claim for the medical aid contributions that I am making each month? I am also unsure how to answer your question "Do you belo...

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Bond repayment tax deductible?



Does my monthly bond payment qualify as a expense against my rental property? Currently my rental income is R6500pm and my bond payment, including rates, taxes and levies about R8000pm indicating a loss for tax purposes?

Paying a medical aid where you are not the main member



I pay the medical aid contributions for my mother-in-law and her mother who are financially dependent on me. They are the main members, but I pay the premium. Can I claim this?

How does medical dependents work?



I have myself and my 4 children and my wife on the medical aid, do I say that my medical dependents are 5 or do I include myself and state that I have 6?

Claim travel without a logbook



I have source code 3802 on my IRP5 but I did not keep a logbook, can i claim for the perks tax paid via source code 3802 if I don't have a logbook?

Package for a commission and salary earner



If I earn commission and a salary as an employee, which package should I select, Ultra or Smart? I also have a travel allowance and a medical aid contribution.


Claim electricity and rates



Can I claim electricity in full and the rates too? I don't live there, but there are tenants who d, but I pay the electricity, rates and water.

Leased company use and tax



I don't receive a travel allowance, but I'm on a company vehicle lease scheme. It assumes I receive fuel, which I don't. I also do business mileage and I have source code 3802 on my IRP5. What should I do?

Should I file if I'm unemployed?



I'm currently not working do I still need to file my tax returns?

Provisional Tax on property sold



I sold property in March 2017 and it's an income earning property. Do I need to prepare a provisional tax return in August? Will I just include profits on the property?

Maintance plan of pvt car



Can I claim maintenance on a plan for my car (I do make use of the car for work purposes)?

This query relates to question 4437 "Please enter the amount spent on maintaining or repairing the car. This includes vehicle services." in the Travel Allowance section.

Earning dollars as a freelancer



I've been working as a freelancer (part-time) for the past year and I've been earning money in dollars. How will this affect my tax return?
I also work as a full-time employee.
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