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Will I be charged tax on pounds transferred to SA?



Tigger56 says:
2 July 2015 at 9:34

I am a South African resident working in the UK. I am currently being paid in pounds into a British bank account. I am self employed and will be paying taxes in the UK. I understand that I am liable to pay SARS the difference in taxes between UK and SA. What I would like to know is how it works with me sending money back to SA? Will I be taxed extra on this money or will it all just be calculated in the tax return on earnings?

TaxTim TaxTim says:
2 July 2015 at 10:13

How long each year do you spend in the UK?

Tigger56 says:
2 July 2015 at 10:27

This is the first year that I am working in the UK. I started work on 21 April 2015 and will be here until mid November 2015. I work as a live-in carer.

TaxTim TaxTim says:
2 July 2015 at 10:51

The income you earn will not be subject to tax in SA because you are already paying tax on it in the UK, and you are outside of SA longer than the 183 day limit (according to those dates provided). Thus you will be able to bring the post-tax money back into SA without any further tax consequences.

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