Do your Tax with TaxTim and WIN R10,000 More info T&C's apply

Must there be a contract if my father lends me money?

Posted 29 January 2016

Hanri said:
29 January 2016 at 10:00

If my father lends me money, must there be a contract

TaxTim Nicci said:
29 January 2016 at 11:40

How much is he lending you and for how long?

Hanri said:
29 January 2016 at 12:38

It would be R100 000 over a period of three years.

TaxTim Nicci said:
29 January 2016 at 19:28

You do not need a contract really as it is between you and your dad.

This entry was posted in Tax Q&A and tagged Salary / IRP5. Bookmark the permalink.

Blog Categories

Salary / IRP5 (4,709 posts)
Independent Contractor (1,004 posts)
Provisional Tax (680 posts)
Medical (972 posts)
Capital Gains (411 posts)
Donations (249 posts)
Deductions (3,841 posts)
Commission (1,060 posts)
Rental Income (978 posts)
Retirement (1,047 posts)
Dividends (1,051 posts)
Depreciation / Wear and Tear (355 posts)
Penalties (789 posts)
Travel Allowance (774 posts)
Audit / Verification (2,686 posts)
Tax Threshold (497 posts)
Foreign employment income (205 posts)
SARS & eFiling (2,113 posts)
Company Tax (4 posts)
Foreign Investment (2 posts)
PAYE & UIF (57 posts)
Source Code (2 posts)
Foreign Income (2 posts)
TaxTim in the Media (1 posts)
Tax Tables (3 posts)
Financial Literacy Series (4 posts)
Top 5 Weekly Questions (1 posts)
Cryptocurrency (3 posts)
Residency (1 posts)
Auto-Assessments (1 posts)

Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.