Hide
Earn under R350,000? Click here to see why you still need to file to get your Tax Refund.
CLOSE
Get SARS Tax Dates and Deadlines in your Inbox
 

We'll tell you when you need to file, along with tax tips and updates.
Try Tim Now

Investment income whilst being in the UK

Posted 1 December 2015 under Tax Questions



Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
Cara says:
30 November 2015 at 23:26

I earn R3000 per month from an investment and this is my sole income. I invested in July 2015. I have been in the UK since July so might be classed as a non permanent resident for tax. While in the UK I have not earned any income and if I have in the past I have paid UK tax. Do I need to file a tax return for this year and get an ITb3 certificate from the bank

This entry was posted in Tax Questions and tagged , , , . Bookmark the permalink.

TaxTimTaxTim says:
1 December 2015 at 11:45

The interest from this investment would fall below the interest exemption threshold for the 2016 tax year (i.e 1 March 2015-28 Feb 2016) so would not attract tax.
If you are non-tax resident in South Africa you would only pay tax on income earned in South Africa and therefore since you have no South African income above the tax threshold for 2016 you wouldn't need to file a tax return.

Do check though you residence status by working through the questions below.
Am I a tax resident of South Africa?


Get SARS Tax Dates and Deadlines in your Inbox
 

We'll tell you when you need to file, along with tax tips and updates.

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →