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TaxTim says: 2 April 2014 at 12:08 They can each give you a donation for less than R100 000 without having to declare it to SARS. Each taxpayer can donate R100k per year tax free even if one spouse donates to the other. |
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Max says: 2 April 2014 at 13:01 So are you saying my dad can 100k donate to my mom and my mom can then donates it me, but if my dad donates to me and my mom at same time won't he then exceed his 100k limit. |
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TaxTim says: 2 April 2014 at 14:49 There is no donations tax between spouses so therefore any donation made between your father and mother would not affect the R100k per year donation they can make to you. |
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Max says: 5 April 2014 at 10:41 If recive R90K from my dad and R90K from my mom, do I need to declare on my tax return. |
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TaxTim says: 7 April 2014 at 9:35 You do need to declare the a amounts under "Amounts not considered taxable" there is a spot for donations, but you will not be paying any tax on the amount. |
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