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Receiving money from abroad that's not gift or work related

Posted 14 January 2016 under Tax Q&A


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Kate says:
14 January 2016 at 12:41

Hello

My father-in-law lives in Mauritius and is coming to SA in April for a holiday. He wants to send money (R50,000) to my bank account so that I can pay deposits, etc. I've phoned my bank and they say I can give the reason as "travel by non-resident". But they can't tell me if I'll need to declare the money or if I'll be taxed. Can you help me please?

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TaxTim TaxTim says:
14 January 2016 at 13:08

There is no need to declare in your tax return. It is effectively his money to pay for his holiday in SA so nothing you have to declare personally.


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