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Lynne says: 31 October 2015 at 1:03 If I receive one hundred and twenty thousand as a gift from someone in the UK split up during the year do I need to declare this to SARS? I was only employed for two months during the financial year so would not have to submit a tax return? |
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TaxTim says: 31 October 2015 at 13:03 Donations from a non-resident to a South African tax resident do not attract tax as long as the gift was earned offshore and is not from a SA source. If you did complete a Tax Return, you would declare it as a donation under "Amounts not considered Taxable". Please read our blog on Reasons you need to file your tax return Please Register for TaxTim and let us assist you to complete and submit your Tax Return. |
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