UK property income disclosure

  Written by Marc   Posted 5 February 2016

I am due to become a SA tax resident in the next tax year if I stay (not my intention to stay, but may become a SA tax resident due to physical presence test). I have income from Uk properties which is declared on my uk tax return and uk tax is paid. I still have some net income. Questions:

1. How is this noted on my SA tax return. Ie after uk tax is paid? Or before with a credit for tax paid? But will be paying tax twice?

2. Where is this to be put on the tax return?
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Payment to spouses for admin work

  Written by Marc   Posted 5 February 2016

I am self employed and work from home. My wife helps me with admin part time. Am I able to pay her a reasonable market fee and deduct this from my income. My wife also contracts for other companies. What the implications for preparing tax returns.

PAYE for employee with 2 employers

  Written by Marc   Posted 5 February 2016

I am sharing a secretary between me and a colleague. We are working in the same office. We pay her a total of R8000 p. M (R4000 each). Obviously PAYE should be deducted based on her total yearly income (R96000) and paid to SARS before the 7th of each month. Is it fine for me and my colleague to split the PAYE and UIF contributions and pay those separately to SARS, and issue her one payslip between us? If so, does she need two IRP5s issued?

UIF deduction from Salary

  Written by Marc   Posted 5 February 2016

On what amount do you calculate UIF deduction? On the gross salary amount? And would this calculation include overtime compensation or is the UIF deduction strictly on the base salary?

R366 364.00 per annum TTC and my pension will be at 10 percent, what will my net be

  Written by Marc   Posted 5 February 2016

If a company offers me R366 364. 00 per annum TTC and my pension will be at 10 percent, what will my net salary be? No medical aid deductions applicable

Query re first time tax for new small unregistered business

  Written by Marc   Posted 4 February 2016

I left a permanent job and started a freelance design business in July 2015. My Personal income tax for last year is up to date. I need to start paying tax on my business but have no idea how this works. I am using my personal bank account to receive payments from clients for design services. I am not yet breaking even and can barely pay my bills. I am not making a profit yet. I have no idea how tax works. I need help and wondered if signing up to TaxTim would be the way to go? I would need to b...

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Audit income statement

  Written by Marc   Posted 4 February 2016

The SARS auditor is asking for an income statement to explain why I have a lose of R16 000. This I assume was from my car travel expenses. Why are they asking me for this?

Do I need to register as a provisional taxpayer?

  Written by Marc   Posted 4 February 2016

I am permanently employed but have recently started a different business on the side as a sole proprietor ( but the "Company" has its own bank account). Please advise whether I need to register as a provisional taxpayer for this business, and if so, do I need an accountant to do the process and claim back any deductions?

Is it an expense of must it be depreciated?

  Written by Marc   Posted 3 February 2016

I am quite confused and google doesn't help. I am a freelancer and I work from home. I have a dedicated office therefore I deduct my business expenses. I recently had to upgrade my computer network - my question is, is this an expense i. E. Do I deduct the amount I spent buying the computer, or do I have to do the depreciation calculation? Is there some monetary limit to make it easier to figure out when it is an expense and when the depreciation calculation must be applied?

Does tax threshold still apply to me at age 78. I understood that I shouldnt pay tax at all

  Written by Marc   Posted 3 February 2016

Thanks for helping with my tax return! I expected to get a bigger refund. I am 78 and understood that any tax paid would be refunded in full, but am told there is still a tax threshold?

How do I register tax for a sole trader business as well as a salary?

  Written by Marc   Posted 3 February 2016

I earn a salary of R10 000. 00, My employer submits the paye. I have started a business sole trader in August 2015. Can I register for the business on my current tax number and what do I need to fill in.

Does receiving a car allowance when l have a car bought cash have impacts on my tax?

  Written by Evan   Posted 2 February 2016

I bought a car cash before getting my current job. I receive a car allowance at my current job and am not willing to change my car anytime soon. Is that an issue with SARS? Is that going to affect my tax, if so how?

Can you claim back school stationary, private school fees and gap insurance as a private individual

  Written by Marc   Posted 1 February 2016

when submitting your tax return, can you as a private individual make any claims on school stationary (books, pens etc), private school fees and / or gap insurance for medical aids?

Fringe benefit tax on fuel card

  Written by Nicci   Posted 1 February 2016

We receive a fuel benefit which is indicated as an income ( this in my mind will put me into the next bracket ). I am taxed on the higher income, then the very same amount that has been used for fuel is shown as a deduction. I don't understand this can you please explain. I don't see the benefit of a fuel card.

Rental income & expenses, can I claim on regularly inspecting my property?

  Written by Marc   Posted 1 February 2016

I will be renting out my primary residence in Cape Town for a few years while I work on the Wild Coast rent-free. Can I claim a quarterly site/property visit/inspection as an expense for tax purposes?

IRP5 source codes - what do they mean?

  Written by Nicci   Posted 31 January 2016

3698-3699 gross remuneration. What does it means. Is their money I can claim?

Delay in finalisation of my return

  Written by Marc   Posted 29 January 2016

I submitted my 2015 tax return in November 2015 with supporting documents, and to date it is still in audit with no queries raised. Who do I complain about the delay in my finalisation of my tax return? Could the delay be due to the fact that monies are owed to me.

Can I claim for medical expenses if I have no income?

  Written by Marc   Posted 29 January 2016

I was retrenched last year at the end of January 2015. I have not worked since then but I have been paying medical aid privately. How do I claim (or can I claim) for all my medical expenses?

SARS deducted money from my account without resolving a lodged dispute.

  Written by Nicci   Posted 29 January 2016

In 2013 my employer at the time deducted PAYE but did not pay same over to SARS. Upon receipt of a demand from SARS I lodged a Fraud notification with SARS and my accountant lodged a dispute with SARS. To date no resolution on the matter, other than SARS Debt Department sent a final demand to a redundant email address rather than on E filing as one would expect, which will have then been received by my accountant. Yesterday SARS took my entire bank balance, what do I do?

Medical Gap Cover

  Written by Marc   Posted 29 January 2016

I took out medical gap cover under my own name. I have since stopped working. The debit order for it has changed to my husbands bank account. Can he still claim for the gap cover under "costs not covered by medical scheme" if the policy is in my name and he pays for it?

Slitting income when married in community

  Written by Marc   Posted 29 January 2016

Can you please explain what amounts get slit 50/50 when a couple is married in community of property please? My husband is retired and I am the breadwinner. We receive rental and interest. Also what to do with the medical expenses, both membership & additional, in my name only?

Do I need to start paying tax?

  Written by Nicci   Posted 29 January 2016

I would like to know if I need to register for PAYE. I am 25 years old and a part time student. I au pair in the afternoons (R7500 a month salary) and I also do contract work for 2 companies (R1500 and R2500) salary in order to pay for my fees. One of the companies is asking me to get a tax number in order to pay me and I'm worried about doing that as my salary just about covers my expenses and expensive study fees - so I can't afford deductions.

Outstanding returns

  Written by Marc   Posted 29 January 2016

I have outstanding tax returns for tax years 2013, 2014 & 2015 and have IT88 deductions for the periods, how do I reconcile all outstanding tax returns and will the IT88 amounts be considered should there a "Due by you" amount or credited if there is a "Due to you" amount on completion of the assessments. Are you able to assist in getting all these tax returns completed.

Tax on bonus

  Written by Nicci   Posted 28 January 2016

I got a performance bonus in December last year. This was paid separate from my salary. I first received my salary then few days later a performance bonus. I have now received my payslip and when I saw that there was a huge difference on my normal salary I was told that payroll deducted tax from the bonus of December from my January salary. Can you please advise if this is legal?

Why has my money not been paid back?

  Written by Nicci   Posted 28 January 2016

I submitted my tax return last year for 2015 I gave them IRP5S for 2010-2015 as requested - money not fully paid, why?
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