Do your tax with TaxTim and WIN R10,000  T&C's apply
How do you currently do your tax?
SARS eFiling Tax Practitioner Auto-assessment New to tax


Transfers from spouse & car sales



Adrian says:
6 April 2022 at 21:20

I have 2 questions

Question 1: My wife sometimes transfers some money into my account to pay a certain bill. The amounts total less than R100,000, it is never anything above that. Do I need to declare this under the TaxTim section question "Did you earn or receive any other money that you think should NOT be taxed?"? Will I be taxed on that amount?

Question 2: I sold my car and bought another car. Do I need to declare the amount I received after settling the remaining installment amount or is it not necessary to do so?

TaxTim TaxTim says:
7 April 2022 at 22:35

Answer 1: You don't need to declare the money received from your wife as donations between spouses are exempt from donations tax. This means that even if these payments cover home expenses such medical expenses, rent, bond repayments, car instalments, food, water and lights or rates, these payments will never be seen as an additional income on your part. 

Answer 2: You also don't need to declare anything related to the car either. Cars are considered personal assets and therefore their disposal would not attract capital gains tax (unless you are in the business of buying and selling cars). If you are in the business of selling cars (if you buy and sell cars often to make a profit) you are required to declare this income under the self-employed income section of your return. You are however able to claim expenses you incurred while gerenating this income, such as advertisements, repairs and maintenance of the vehicle and any insurance or road worthy costs you might have incurred. 

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



TaxTim is FREE for all Momentum & Multiply members.



Use your ID number at the payment step to claim your free TaxTim voucher

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Get started FREE

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.