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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? |
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TaxTim says: 17 March 2016 at 17:05 Are you not the direct beneficiary? |
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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. |
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TaxTim 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. |
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