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If I received a cash donation of below R50 000 from parents do I need to declare this for tax purpos

Posted 11 July 2014

If I received a cash donation of below R50 000 from parents do I need to declare this for tax

TaxTim Marc said:
11 July 2014 at 15:04

You should always declare the donations received, but you will not have to pay any tax on this.

This entry was posted in Tax Q&A and tagged Donations. Bookmark the permalink.

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