FAQ Blog Calculators Students Logbook Contact
Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


Will I be taxed if I loan my brother money interest free?

Posted 8 February 2016

Charms says:
5 February 2016 at 13:33

Will I be taxed if I loan my brother money interest free. I am a South African resident but he lives in the UK.

TaxTim TaxTim says:
5 February 2016 at 13:44

How long does he expect to loan you the money for?

Charms says:
5 February 2016 at 14:15

I am loaning him the money. Probably for three months.

TaxTim TaxTim says:
8 February 2016 at 7:52

No you will not be taxed.

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




Submit your tax return right here!
Get started

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund
Answer simple questions about your incomes and expenses. TaxTim does the rest. Just click click, submit.

Make tax easy

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.