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Cash donation received from Mom R96,000 to pay monthly debit orders

Posted 15 November 2015 under Tax Questions



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Seema says:
14 November 2015 at 17:09

I studied full time in 2014 and my Mom deposited R8,000 monthly into my bank account so that I could pay my debit orders. The total amount received from her was R96,000. I am now completing my tax return for tax year ending Feb 2015.

How do I disclose this cash donation? I do not have to pay her back so it is not a loan.

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TaxTimTaxTim says:
15 November 2015 at 10:07

No you do not need to disclose this, it was from your Mom as support while you studied.


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