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 on family gift money from overseas

Posted 28 September 2015 under Tax Questions



Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
Leila says:
28 September 2015 at 12:20

Hi TaxTim
Thank you for offering this great service. My question is: If my sister who is an Australian resident wants to send me a gift of between R1.5 to R2 million to buy a house for myself here in South Africa, can she do so and how much tax must I pay? Also, is there an annual limit on gift amounts and should she rather send it across two tax years?

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

TaxTimTaxTim says:
28 September 2015 at 12:21

There are no limits of a foreigner sending money as a gift to a South African and no tax is attracted provided this money was not from South African sources for which no other tax was paid.


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 →