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 payable on gift from family abroad

Posted 18 March 2016 under Tax Questions



Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
Marizaan says:
17 March 2016 at 13:21

What are the tax outcome to inherit R500,000. 00 from family abroad and tax outcome if I receive it as a gift?

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

TaxTimTaxTim says:
17 March 2016 at 17:05

Are you not the direct beneficiary?


Marizaan says:
18 March 2016 at 7:48

No - I'm asking for someone else. Is gifts calculated the same as donations tax? Isn't gifts no tax? I don't see anywhere on the SARS website that it says that.


TaxTimTaxTim says:
18 March 2016 at 12:37

A gift is considered a donation, however if this comes from a foreign non-South African resident then there will be no tax on this.


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 →