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Do I have to pay tax on financial support from my family?

Posted 3 January 2013 under Tax Questions


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I am unemployed and trying to survive as a freelance writer, earning very little. My wife is homeschooling our children. We are financially supported by my parents-in-law and my wife's siblings. Who, if anyone, pays tax?

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TaxTimTaxTim says:
29 November 2012 at 14:52

It would depend on the amount of financial aid they are providing, if it is under R100 000 from each person then there is no tax as this would be a donation. You do not pay tax on receiving donations and individuals can make donations up to R100 000 per tax year without having to pay Donations Tax.


Garth says:
29 November 2012 at 16:39

Dear Tim,

Thank you for your prompt and precise response. We are so relieved to finally get a clear answer.
You provide a great service.

Thanks again,
Garth


TaxTimTaxTim says:
29 November 2012 at 21:31

Only a pleasure, very happy I could help and thanks for the compliments!


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