2014 Tax Deductions Not Claimed

  Written by Alicia   Posted 19 May 2016

A few years ago (in 2013) when I submitted my tax returns I omitted to claim for a large amount of medical expenditure. Can I rectify this situation, or, is it too late?

Is my income taxable if I only spend on average 3 months in a year in SA

  Written by Alicia   Posted 19 May 2016

I am almost 70 years old and receive four pensions from the Government Employers Pension Fund (GEPF). The pensions form 98% of my income, the other 2% is derived from annuities. I have two children, one lives is Australia and is an Australian citizen and the other lives in London and is a British Citizen. I spend most of my time visiting my children for six months periods and only spend about 3 months of a year in South Africa. Am I liable to pay personal income tax in these circumstances. I hav...

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Tax implication on provident lump sum fund benefit

  Written by Alicia   Posted 19 May 2016

I've been unemployed for the past six years. My tax number with SARS has been deregistered. Insurance company requested an IRP3 directive on my behalf from SARS. This was declined as I needed to re-activate my tax number. I'm awaiting for re-activation of my tax number. Presently I'm unemployed, will I be taxed and how much?

Can i setoff my personal rental against the rental income of my only property?

  Written by Alicia   Posted 19 May 2016

I built a home, had to move for work and am currently renting out my primary and only property for R16500 per month. In the area to which I moved for my new job I now rent a flat for R10 000 per month. Is there any differentiation in SARS for this scenario or is it regarded as an income of R 16500, I don't mind paying tax on the difference, but it feels like exploitation if I need to pay tax on the full amount of rent earned, I spend R 10 000 on having a place to stay!

How do i submit a nil return on E-filing?

  Written by Alicia   Posted 19 May 2016

You used to help with my tax return before I retired in June 2013. I cannot remember my password, and my e-mail address has changed. Please advise: I did not realise I had to submit a "nil" tax return from 2014 to date - my income has been way below the R105 000 taxable amount per year.

Am I paying PAYE?

  Written by Alicia   Posted 18 May 2016

How would you know if you really paying tax?

How do I claim my travel expenses against my allowance?

  Written by Alicia   Posted 18 May 2016

I'm a commission earner, started on the 1st December 2015. I have been using my car which I bought in July. I had a log book but some of my petrol receipts have faded a bit. When I started working as a commission earner my km where 6780, at the end of Feb they were 16956

I want to claim for travel allowance, should I use the deemed cost or the actual cost.

Do I earn enough to pay tax?

  Written by Evan   Posted 18 May 2016

Hi Tim

I started working online and get around R2000 -R3000 a week. Sometimes less, sometimes more. Some of the work I get is out of the country. So I just wanted to ask, must I pay tax or is the amount too little? Is there a way I can work it out or will it be best to just go in to their offices?

How to capture EMP501 and IRP5 values

  Written by Alicia   Posted 18 May 2016

When capturing an EMP501 on Easyfile, under Liabilities, do I capture the payroll values exported from my payroll system for payment every month or do I capture the actual payments made to SARS for that month under liability?

How can I obtain a tax clearance certificate?

  Written by Alicia   Posted 18 May 2016

How can I get my personal tax clearance certificate for income tax

Turnover tax, can one claimable expenses prior to the tax calculation?

  Written by Alicia   Posted 18 May 2016

What expenses can be claimed before u calculate the tax payable on company that is registered for Turnover tax?

Can a minor's taxable income affect a parent's taxable income?

  Written by Alicia   Posted 18 May 2016

My son is a model and his only 5 years old I submitted his tax return I registered him with SARS E-Filing, however I did not load myself as his representative which means telephonically they can not assist me however what I want to know is when loading myself as his representative at my nearest branch, would my tax returns at any point be linked to his or will it run separately?

Additional income, and when do I register for Provisional tax?

  Written by Alicia   Posted 18 May 2016

If I do freelance work and get paid via Paypal what are the tax implications of withdrawing the funds into an FNB account, this would be a second source of income

Pension fund tax for divorce settlement

  Written by Alicia   Posted 17 May 2016

What is the percentage tax paid on a pension fund in the event of a divorce?

Tax payable on retirement compared to resignation

  Written by Alicia   Posted 17 May 2016

Do u pay more tax if u resign from your work?or is it the same as with reaching pension date.

Tax clearance certificate for emigration

  Written by Alicia   Posted 16 May 2016

I am joining my husband in the UK shortly and want to know if I will need a Tax Clearance certificate from SARS in order to leave the country on a one way ticket through my spousal settlement visa. We have no assets in South Africa and I was under the threshold regarding income tax (tax was paid by my employer and I never submitted a tax tax return). We may be coming back to South Africa at a later stage and do not want to give up residency.

Can you help me calculate the tax on my pension lump sum?

  Written by Alicia   Posted 16 May 2016

I'm getting a pension payment of R230 156 ,08 how much tax can I expect to pay?

Capital Gains Tax vs Donations Tax

  Written by Alicia   Posted 16 May 2016

Provide a reason why there will be no Capital Gains Tax consequences on the receipt of R50 000 as a donation be.

Donation or inheritance being the source of the funds

  Written by Evan   Posted 15 May 2016

My daughter died suddenly and she left her annuities to me, her husband, daughter and son (four people), the insurance company made a mess up of the division of the assets and will not change them. Therefore my son in law has to pay over to me the amount of R258 000, to make up my share, as the money was left to us in her estate, is this amount a donation or an inheritance? I feel it is unfair for him to pay tax on this money, when it is not part of his assets, but part of the inheritance recei...

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Sequestration and Business Vehicles

  Written by Nicci   Posted 13 May 2016

If I have been declared insolvent, can I still make claims against the business use of a vehicle if not registered in my name? For example, I make use of a vehicle registered in someone else's name, but I still make the payments as I am the driver of the vehicle for business purposes. Also, what if exemption was granted and I kept my vehicle, will I then still be allowed to claim against the use of my vehicle used for business even if I am sequestrated?

Severence package tax free amount

  Written by Nicci   Posted 13 May 2016

I have received a severance package in the 2012 tax year. Were the tax tables in existence then and would I have gotten the R 500 000 tax free amount already.

Do I get taxed cancelling an Retirement Annuity when living abroad.

  Written by Alicia   Posted 13 May 2016

I have emigrated to the UK and want to cancel my retirement annuity fund because of it. As I now live overseas, will I still be taxed?

Documents needed for home office deductions

  Written by Alicia   Posted 13 May 2016

I have recently started a new job which is contracted as home based. What documents should I start collecting / saving to ensure that I am able to write off expenses incurred on my home office etc?

Do you submit to SARS on clients behalf?

  Written by Alicia   Posted 13 May 2016

Do you provide a service, whereby you do the submissions on my behalf, like what my broker does?

What tax will I pay on a second job?

  Written by Nicci   Posted 12 May 2016

I currently have a job and paying tax monthly to SARS. Now I am about to get another job which will pay R3000 am I required to pay tax on this second job? How does it work. And can I use another bank account to get paid?
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