FAQ Blog Q&A Calculators Students Logbook Contact
21 Days Remaining of Tax Season 2019! Click here to file your tax return with TaxTim now.

Tax on shares

Posted 19 September 2019 under Tax Q&A


Submit your
tax return
right here!


TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

Get started

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
Rowan says:
19 September 2019 at 12:46

I received a once-off payment for shares in November 2018. I then opted to pay tax on the shares before the payments was made to me. Therefore the tax was already deducted before any monies were paid to me. I am now uncertain how to enter this in my 2019 tax return. Can you please advise %u2013 do I need to submit this income in my 2019 tax return and if I must, what figures must I submit in terms of the share payment made to me in this tax year?

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

TaxTim TaxTim says:
19 September 2019 at 12:53

Indeed you need to declare all your income, including the share payment you received in November 2018. You need to make contact with the employer / fund that made the payment to you and request the IRP5 for this share disposal. The IRP5 certificate will reflect the share proceeds as well as the tax you paid. This information should already be pre-populated in the IRP5 section of your tax return. If it is not there, you must enter it in manually and request your employer to submit the IRP5 to SARS.


Get SARS Tax Dates and Deadlines in your Inbox
 

We'll tell you when you need to file, along with tax tips and updates.

Blog Categories


Submit your
tax return
right here!


TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

Get started