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Do I have to fill in tax forms is I received money as a gift from a friend abroad?

Posted 13 July 2015 under Tax Questions



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Kayla says:
11 July 2015 at 21:21

A friend of mine in America has given me some money as a gift. It is mainly to cover monthly living expenses. I am a student with no income and I still live with my parents. Do I have to fill in tax forms for the money?

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TaxTimTaxTim says:
12 July 2015 at 21:49

No you do not need to pay tax on these amounts, how much is it?


Kayla says:
13 July 2015 at 1:08

It was around R11000. I'm not sure if he will send money to me again. But the overall amounts probably won't exceed R40000.


TaxTimTaxTim says:
13 July 2015 at 8:16

No that's fine you will not need to pay anything on that.


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