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No IRP515 = no tax refund

Posted 5 October 2015 under Tax Questions


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Tinyiko says:
5 October 2015 at 11:31

I was overseas studying for tax years 2010 and 2011 and therefore didn't have IRP5s for those tax years. However, I did have income in the form of rental income but for both years I made massive losses due to expenses, high interest rates, bad debts etc. Does the lack of IRP5 automatically disqualify me from any refund due to me by SARS?

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TaxTimTaxTim says:
5 October 2015 at 11:48

No it does not, you would only include the rental income/losses under the Local Business Income section of the tax return or on TaxTim under Business/Rental Income. However due to you probably not have paid any tax throughout the year there would be nothing to refund, but rather you would be paying in.


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