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Tax payable on gift from family abroad

Posted 18 March 2016 under Tax Q&A


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Marizaan says:
17 March 2016 at 13:21

What are the tax outcome to inherit R500,000. 00 from family abroad and tax outcome if I receive it as a gift?

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

TaxTim TaxTim says:
17 March 2016 at 17:05

Are you not the direct beneficiary?

Marizaan says:
18 March 2016 at 7:48

No - I'm asking for someone else. Is gifts calculated the same as donations tax? Isn't gifts no tax? I don't see anywhere on the SARS website that it says that.

TaxTim TaxTim says:
18 March 2016 at 12:37

A gift is considered a donation, however if this comes from a foreign non-South African resident then there will be no tax on this.


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