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Does cash donation receive included in tax income calculation?

Posted 30 April 2015

Luckboy says:
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?

TaxTim TaxTim says:
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.

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