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

Tax implications of cash donation received

Posted 15 September 2015 under Tax Questions



Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
JaneSmith420 says:
14 September 2015 at 22:24

Is donation received included in gross income?

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

TaxTimTaxTim says:
15 September 2015 at 7:18

Yes it is, but it will not be taxable in your hands. The donor will pay tax on all amounts over R100 000.


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 →