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Taxation on gifts

Posted 31 July 2015

Harry says:
31 July 2015 at 12:33

I received a referral gift on the sale of a property of R10000
I assume a gift under R10000 is tax free?

TaxTim says:
31 July 2015 at 15:58

Was it just a donation made to you?

Harry says:
31 July 2015 at 16:56

Yes a cash donation of R 10000

TaxTim says:
31 July 2015 at 20:36

No this would not be taxable then.

This entry was posted in Tax Q&A and tagged Salary / IRP5, Donations, Rental Income. Bookmark the permalink.

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