Out of pocket medical expense for dentist.

  Written by Marc   Posted 30 November 2015

I'm 25 years old, my annual income is approximately R264000 and I'm also paying my own medical aid at a rate of R1710 p/m with no other dependents. I'm considering the possibility of having severe dental work done on my teeth that will be a R150000 out of pocket medical expense. How much of this will I be able to claim back from tax?

What do I expect from a mixture of employment and individual contractor at end of tax year?

  Written by Marc   Posted 30 November 2015

I was an employee up to 31 October 2015, then I resigned to work for another institution as an individual contractor. I am rated hourly and paid according to hours worked for the month. The institution deducts income tax from total income. What do expect at end of tax year?

As far as I know over the counter medical expenses cannot be claimed

  Written by Marc   Posted 30 November 2015

As far as I know over the counter medical expenses cannot be claimed, unless it is on doctor's prescription. You say I may claim it?

Tax on Rental Income

  Written by Marc   Posted 30 November 2015

Dear Sir/Madam

I am South African, but living and working in Kuwait. Back in Durban I own 2 properties which are rented out to tenants. Property 1 - rental income is R6200. 00 pm, monthly bond is R3500. 00, rates is R1600, monthly levy is R850. 00. Property 2 - rental income is R4500. 00, bond is R3550. 00 pm, rates is R350. 00, Levy is R700. 00. I have no other source of income in SA. Do I pay tax to SARS?

I was a registered tax payer whilst I worked in SA. But no longer....

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Do I have to spend 63 days out of the country before 28 February 2016 to not pay tax?

  Written by Evan   Posted 30 November 2015

I live and work in Malta but travel back to South Africa frequently. I did not have to pay tax for the 2015 tax year because I did 63 days out of the country starting in March 2014 and spent the relevant amount of time not in SA. In 2015 I incorrectly assumed that a day spent in transit did not count, but because in OR TAMBO you have to enter with your passport, I have not done 63 days for the 2016 tax year. Do I have to do 63 days out of SA before 28 February 2016? I read somewhere that the mon...

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Completion Letter

  Written by Marc   Posted 29 November 2015

I was selected for audit. I have been waiting for more than 21 days now. I received a letter yesterday in my SARS eFiling profile - completion letter what is going to happen now.

I am a commission earner and earned R 486 342 but my tax assessment states that I owe SARS R2327719

  Written by Marc   Posted 28 November 2015

I am an estate agent, I've submit my tax returns and have received a shocking assessment of R2,327,719. 96
I earned R486 342,00 in commission from selling property. I suspect I might have made an error where I was asked about turnover and I put the value of the properties that I sold which is about R7,000,000 and am afraid SARS wants to tax me on that whereas I only received and average commission of about 5%. Kindly advise how I rectify this.

No IRP5 being delivered

  Written by Marc   Posted 27 November 2015

One of my previous employers refuses to send an IRP5 (they claim their submissions aren't balancing, I suspect they haven't being paying our tax), the cut off is tomorrow and I now don't have an IRP5 to submit for part of the year. I can't get an affidavit as I don't live in the country anymore. How do I go about this?

Under which heading can business expenses be claimed eg rates

  Written by Marc   Posted 27 November 2015

Under which heading can business expenses be claimed eg rates

Medical Aid Deductions

  Written by Marc   Posted 27 November 2015

Can contributions to a hospital plan be deducted?

Sole proprietor of a carwash claim the whole amount paid for electricity, water & rent.

  Written by Marc   Posted 27 November 2015

Can a sole proprietor of a car wash claim the whole amount paid for electricity, water & rent.

What does physical impairment include interms of expenses I can claim?

  Written by Marc   Posted 27 November 2015

What does physical impairment include in terms of expenses I can claim?

If you earn comm but its not 50.1% more than their total salary,can they still claim for cell+travel

  Written by Marc   Posted 27 November 2015

If someone made commission for the year but its not 50. 1% more than their total salary, are they still allowed to claim for cell phone and travel exp?

How can I claim house hold expenses portion if allowed to work from home?

  Written by Marc   Posted 27 November 2015

In reference to claiming house hold expenses as my employment contracted stated I could work from home as well if needed. I do not have an ITR12 form, only an IRP5/IT3(a) form. If I do not have an ITR12 form, does this mean I cannot claim this?

Can I claim from my monthly supplement expenses, or only actual medicinal expenses?

  Written by Marc   Posted 27 November 2015

Can monthly supplement expenses be included in the "medical expenses" I spend monthly as my medical aid is only a hospital plan.

Can I claim bank fees if I'm a sole proprietor?

  Written by Marc   Posted 27 November 2015

Can I claim bank fees if I'm a sole proprietor?

To calculate home/office expenses must this calculation be done for every month of whole year?

  Written by Marc   Posted 27 November 2015

The formula that you use to calculate home/office expenses must this calculation be done for every month of whole year?

Deductions against code 3616

  Written by Marc   Posted 27 November 2015

I have 7 IRP5's
2 of them are salaries from different companies code 3601 value R229400
2 are as an independent contractor code 3616 value R514321
From the salaried income I had 1 month with a travel allowance. I currently have computer hardware, travel expenses, a vehicle and it services expenses that I van to deduct against the code 3616 income. I want to know where do I fill in in on the form to deduct expenses I incurred to generate the income earned on code 3616?
How do ...

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Do two owners need to split rental expenses and income in a tax return?

  Written by Marc   Posted 27 November 2015

My wife and I share a rental property and split costs equally. Are we meant to split these on our tax returns or should we populate only what we each pay from our specific bank accounts? Rental income comes into my bank account and the interest expense comes off it as well.

When can I expect the money in my account?

  Written by Marc   Posted 27 November 2015

I've submitted my tax refund on the 19th Nov and on the 23rd I went back to SARS to fix my banking details. How much time it takes for me to get the money?

Provisional Tax Payer and not a Individual

  Written by Marc   Posted 27 November 2015

I'm about to do my first tax return, I'm registered as Individual tax payer but have been doing freelance work on an invoice basis. I did not realise that in this case I would need to be registered as a provisional tax payer instead. Am I correct in saying that I should be registered as a provisional tax payer?

How do I proceed from here?
- I should have done two IRP6's and made payments. - Then I should also do a ITR12, which is then only due in January 2016
What do I do regarding the outstanding IRP6's?...

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I want to declare a new income source.

  Written by Marc   Posted 27 November 2015

I want to declare income this year for the first time. Network marketing income. I already earned it in previous tax years but did not declare it. Will this be a problem?

Rebate on travel allowance

  Written by Marc   Posted 27 November 2015

How can I calculate what to expect on tax return rebate for travel allowance?

Can a director claim cell phone exp if there's no comm on IRP5?

  Written by Marc   Posted 27 November 2015

If you are a director of a company but you didn't earn commission on your IRP5, can you claim for cell phone expenses?

How do I varify banking details for a refund if I no longer live in SA

  Written by Marc   Posted 27 November 2015

SARS has requested me to varify my banking details for a tax refund, I no longer live in SA and do not have a local address. Is there some other way I can do this, I still have an bank account in SA and I am still a citizen.
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