Tax Q&A

How much should tax professionals charge individual taxpayers for filling and VDP services

How much should a tax practitioner charge for an hour consultation? I wish to do a Voluntary Disclosure Programme application for 4 preceeding tax years, and w

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I need help updating my proof of residence.

I need help updating my proof of residence. I have been paying tax for two years but not been able to organise my tax returns. I need to discuss my options. I

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Tax on retirement lump sum withdrawal

I received a retirement lump sum benefit (withdrawal) in 2015 tax year of R 630 000. I have been taxed R 193 902. 08 which I do not think is correct. Please c

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No access to forgot passwords

I registered to TaxTim, but I am struggling to get logged in. I don't know what to do. Can you help me? Have you tried the 'Forgot password' link on the Lo

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Who should submit additional medical expenses - main member or spouse?

I am the main medical aid member (cover for myself and my spouse). We ran out of our MSA and we incurred some expenses that my spouse paid for herself. My Que

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When must Capital Gains Tax be declared?

If Capital Gain tax I have incurred is less than the R30,000 allowance, do I still have to declare it in my Tax tax return? Yes you must declare the gain s

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Not sure what a tax number begins with?

How does a TaX number look like It will be 10 digits and begin with a 0,1,2 or 3

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Never worked but I want a tax number. Is it possible?

Can I get a tax number if a havn't worked before?? Yes, you can. Please read our blog below. How to get a SARS tax number

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Does a trust have to submit income tax returns when it is dormant?

Does a trust have to submit income tax returns when it is dormant? Yes, you would have to fill in and submit a nil Tax Return for it.

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Is my pension taxed when transferring from one fund to another?

I changed jobs and requested that my pension be transferred from the previous fund to the new fund. This was done, but the old fund was taxed. I did not withd

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When does a trust need to register for income tax?

When does a trust need to register for income tax? When it is created.

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Do we pay tax on receiving half of your spouses pension? What is the percentage tax to be paid?

I will be receiving half of my spouses pension fund after the divorce. I have read some of your answers from previous questions about the tax implications. Yo

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Spreadhseet for allowable deductions for letting

Do you have a spreadsheet for private rental/subletting deductions? Also have some fixed income. Been privately submitting to SARS for 10 years now. Please

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Tax deduction for computer

On the 31st January 2013, a company purchased computer equipment R34,750. This equipment was stolen on the 1st October 2014 and Insurance proceeds of R14,500

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How to register tax clearance certificate?

How can I do companies tax clearance certificate? You can request a Tax Clearance certificate online via SARS eFiling by going into the Company's profile a

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Do I need to declare support money from parents on my tax return?

Do I have to declare the support money that I received from my parents before I registered for tax and started working? No, they are supporting you as a f

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Correspondence

What does it mean "SARS has issued correspondence which needs your attention"? This means that SARS has issued you a letter. If you have recently filed you

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Do I declare capital investment into rental property in my ITR12?

Hi TaxTim. When using capital to build or purchase a rental house, is this considered an investment of which the outlay of capital does not have to be declare

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What is the taxation on the gratuity lump sum and on the annuity for medical retirement-GEPF?

I belong to GEPF and was medically boarded. What is the taxation on the gratuity lump sum and on the annuity? The lumpsum received, is this from the pensio

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How long does a payment dispute assessment take?

I'm a seasonal worker I've submitted my tax returns in August, was suppose to receive my first payment on the 1st of October but it was reversed because my ta

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Interest on bond payments

Can I claim interest paid on a bond as an expense for an investment property where I receive rent. Will that differ for the interest paid on a bond for an emp

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If I get car allowance as part of my total guaranteed package. Can I still claim travel?

My job requires a lot of travelling, I do have a car allowance that is part of my total guaranteed package. I do get reimbursed for the km's traveled and toll

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Donations tax to my family?

My daughter supports me financially. Must she pay donations, or any other, tax? Not if you are financially dependent on her.

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Tax when earning R6000

How much in Rands tax do I pay for earning R6000 You will not pay any tax as you are earning below the threshold which for the 2016 tax year is R73 650 per

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Tax deduction for varsity students

I have a son at varsity. I pay for his fees/boarding/accommodation, text books, all instruments use in the course. Is there any leeway for parents who pays f

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