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Stevey says: 12 November 2015 at 23:54 I am a South African citizen who used to work in SA (tax registered), but have been studying full time in the UK since February 2015, being paid a monthly stipend of 1150 pounds by my financial sponsor (It sounds like a lot if converted to Rand, but it is barely enough). Do I have to pay tax on this income in South Africa? I am about to sell a property in South Africa which I inherited from my Dad and the Taxable Capital Gain ((Proceeds - Base Cost - Annual Exclusion)*33.3%) will be roughly R240 000. If your answer to my first question is No, will I then pay normal income tax as if the R240 000 was my only annual income? |
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TaxTim says: 13 November 2015 at 7:23 You do not need to pay tax on the stipend, but you will have to declare the capital gain and pay tax on the R240 000. Please use our SARS income tax calculator to work out how much the tax will be. |
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