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Personal Asset & Liability list needed?

Posted 15 July 2015 under Tax Q&A


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Audrey says:
14 July 2015 at 9:32

Why must I submit a Personal Asset & Liability List for my Tax consultant this year?

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

TaxTim TaxTim says:
14 July 2015 at 15:50

Are you a director of a company or CC or earn income from running a business?

Audrey says:
15 July 2015 at 7:04

Good morning.
No, I am an ordinary worker that also receives a small pension from my late husbands policies.

TaxTim TaxTim says:
15 July 2015 at 14:58

You do not need to put in these values then. Ask the consultant why he is asking you for these?

Audrey says:
15 July 2015 at 15:06

The consultants says - They need updated info every year so that they can assess risk.

TaxTim TaxTim says:
15 July 2015 at 15:11

If you have a simple IRP5 and are not earning income from anywhere else other than the policies then you do not need this information for your tax return.

Audrey says:
15 July 2015 at 15:19

Much appreciated.

TaxTim TaxTim says:
15 July 2015 at 15:43

Only a pleasure!


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