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Is one taxed from gifts/loans from overseas

Posted 13 July 2015 under Tax Q&A


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Vossie says:
13 July 2015 at 13:23

A family member is giving me some money. They are from the UK. They are paying it to me monthly over a period of time. I am currently unemployed and do not submit tax returns. Do I have to pay tax on this?

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TaxTim TaxTim says:
13 July 2015 at 14:13

No you would not pay tax on this provided the money is not from a South African source.


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