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Residency and Holiday Allowance Mistakes

Posted 4 January 2016 under Tax Questions



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SAMSAM says:
15 December 2015 at 2:50

I am 69 years old an SA Permanent Resident not a Citizen. I am a UK Citizen. South Africa is my normal place of residency. But I sold my house in South Africa in October 2009. I took out this money as a holiday allowance in January of 2010 in Travellers Cheques. I did not close my South African Bank Account (holiday not leaving)
Because I am 69 and worked in the UK before coming to South Africa I receive a UK State Pension. I have the UK pension paid into a UK Bank account which I opened in Jan 2010. I paid the travellers cheques into this UK account. I rented a property in the UK to use as a base and then travelled extensively. 21 trips in the UK, Europe and SA using the UK bank account to access the Holiday Money. I bought a car and a caravan in the UK with the holiday money and did some touring. I was out of South Africa
20 January 2010 until 17 January 2013 (2 years 11 months 29 days) = 1094 days
19 March 2013 until 18 September 2014 (1 year 6 months) = 549 days
I came back to South Africa on 19th September 2014 and have not left. Whatever holiday money
was left I transferred from my UK account into my South African Bank Account. My Question is this - Is my Permanent Residency still Valid? and
What are the consequences (SARS) of what I did with the handling of my Holiday Allowance

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TaxTimTaxTim says:
4 January 2016 at 8:31

You would need to check with Home Affairs about your permanent residency, but from what you have told us there wont be any tax payable on the amount left in the holiday allowance nor on what you did with it.


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