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Will I have to pay more tax if buying property when I dont pay personal tax working abroad?

Posted 17 May 2015 under Tax Questions



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Jan says:
13 May 2015 at 7:54

Hello, I will be working abroad for a year and upon my return would like to buy a house, what is the tax implication for this? as I would have been tax exempt being out of the country for a year.

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TaxTimTaxTim says:
13 May 2015 at 8:40

The money earned whilst being gone from South Africa for more than 183 days (of which 60 of them must be continuous) will be tax free and you are free to bring it back into SA and purchase a home with no adverse consequences.


Jan says:
13 May 2015 at 8:51

Thank you that is great news


TaxTimTaxTim says:
13 May 2015 at 8:58

Only a pleasure!


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