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Helping an old lady

Posted 8 March 2016 under Tax Questions



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Bridget says:
8 March 2016 at 12:39

Does a 91 year old widow whose only income is R7200pm from an Old Mutual investment have to submit a tax return? I remember hearing that some people no longer have to submit tax returns and an old friend is not sure whether her tax consultant is doing anything.

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TaxTimTaxTim says:
8 March 2016 at 13:02

She is below the tax threshold for her age (which is R129,850) and therefore no need to submit a tax return as she won't be paying tax.


Bridget says:
8 March 2016 at 13:32

Thanks you very much for such a prompt response.


TaxTimTaxTim says:
8 March 2016 at 13:35

Only a pleasure!


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