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Foreign Gift to SA Citizen / Donation

Posted 13 April 2016 under Tax Q&A


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Teri says:
13 April 2016 at 7:03

I am a South Africa citizen and would like to receive a monetary gift from my sister who is a UK citizen only - is there any tax implication for me?

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TaxTim TaxTim says:
13 April 2016 at 9:38

Donations tax is payable by the donor and not the recipient - therefore there are no tax implications for you, however you need to disclose it in your tax return (ITR12) as an "amount not considered taxable".

Furthermore, there is no donations tax payable on donations from a foreign resident to a SA resident provided the funds donated is from a foreign source (i.e from work your sister has performed in the UK).

Please read our blog on Donations Tax for further clarification.


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235 DAYS
LEFT OF
TAX SEASON
2017


TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

Get started