22 April 2015 at 21:04
If I receive a cash donation of R45000 from my uncle. Do I need to tell SARS about this and what this will means for tax purposes?
This entry was posted in Tax Q&A and tagged Donations. Bookmark the permalink.
24 April 2015 at 19:46
Yes you do, it will be placed on your tax return under "'amounts not considered taxable"' but not be subject to tax.