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Donations Tax?

Posted 2 April 2014 under Tax Questions



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My parents are married in community. 1) Do they still need to fill in forms at SARS if they give me a donation of less than R100 000 each ? I understand that my dad can donate R100K to my mom tax free, but can my mom then donate that same R100K to me so that I can receive R200K in total for the tax year, or can they only donate a joint total of R100K?

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TaxTimTaxTim 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.


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.


TaxTimTaxTim 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.


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.


TaxTimTaxTim 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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