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Tax implications of cash donation received

Posted 15 September 2015

JaneSmith420 said:
14 September 2015 at 22:24

Is donation received included in gross income?

TaxTim Marc TaxTim Marc said:
15 September 2015 at 7:18

Yes it is, but it will not be taxable in your hands. The donor will pay tax on all amounts over R100 000.

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