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Gift from someone in the UK, do I declare?

Posted 31 October 2015 under Tax Questions



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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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TaxTimTaxTim 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".

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