Fringe benefits for sale proprietors?

  Written by Alicia   Posted 9 June 2016

Does a Sole trader who uses his vehicle for personal and business use have to pay a fringe benefit tax himself as he is not classified as an employee.

Is it necessary to inform SARS of additional income received?

  Written by Alicia   Posted 9 June 2016

Hi TaxTim

I am a full time salaried employee but I also sometimes get tutoring jobs and I run a lift club. Will I need to declare what I earn for the latter 2 items?

Am I able get a tax refund?

  Written by Alicia   Posted 9 June 2016

How do I know if I qualify for my tax return

Long partnership regarded as marriage for tax?

  Written by Alicia   Posted 9 June 2016

I have been living with a woman as husband and wife for 17 years and see no point in getting officially married. With regard to tax rules such as: tax free gift/donation between spouses and tax rules regarding disposal of residence to spouse on death, apply to me? I have in mind donating money to my partner which she will invest to achieve a tax saving on capital gains as she has small income. She would also be able to donate to my children if required, to take advantage of the R100k tax free am...

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Claim for home office expenses

  Written by Alicia   Posted 9 June 2016

I work from home 3 days a week, I converted one of my bedrooms in a study, put a telephone line in with extra internet. I use my printer etc for work but I'm not compensated by my work for this. Can I claim some of my costs on my tax return?

Does the sale of a Holiday Home attract CGT?

  Written by Alicia   Posted 9 June 2016

My parents have a small holiday home which they have been offered R1 300 000 (from tenants). They bought the home in 1979 for R97 000. Will they be liable for CGT and how do I work out what CGT they will pay?

Tax refund on withdrawal of pension lump sum

  Written by Alicia   Posted 8 June 2016

Hi do you get your tax back when you resigned after they deducted your money from your pension funds.

Tax season preparation

  Written by Alicia   Posted 8 June 2016

Hi, I have started receiving my tax documents from my bank and medical aid etc. I am still waiting for the one form my RA provider. Must I wait for all of them and then once all are received, how do I go about completing my tax return?

Renewal of tax clearance certificate?

  Written by Alicia   Posted 7 June 2016

What must I bring to SARS if I want to renew my tax clearance while the physical address is not in my name?

Health insurance deductable?

  Written by Alicia   Posted 7 June 2016

How Do I Report My Health Insurance On my Tax tax return?

How to calculate travel expenses?

  Written by Alicia   Posted 7 June 2016

I will be claiming tax back on travel for business use for the first time. I have maintained a logbook since starting my new job in the middle of the current tax year 2015/16. Please advise what the "fixed cost" is, and how I can calculate what tax rebate I should expect to receive from SARS in July.

Donations between spouses

  Written by Alicia   Posted 7 June 2016

My companion and I have been living together for many years however we are not married. He recently sold his house and the money was used in purchasing another house but in my name and not his. Will I have to pay tax on that money? We are both pensioners. I have also had to draw money from my investments to pay for the shortfall as the house I bought cost more than the amount received from selling his house.

Multiple IRP5's received for one tax year

  Written by Alicia   Posted 7 June 2016

I received two IRP5. The second is for the Lump Sum I received after retrenchment, however no tax was deducted. I tax directive number was provided. Should I enter the information as well when submitting my tax?

Tax implications if one receive a subsistence allowance

  Written by Alicia   Posted 7 June 2016

We travel for work purposes, and are considering getting a daily allowance paid instead of submitting our expenses. What is the amount allowed per day / other amounts subsistence amounts, and are there tax repercussions on this method.

How to apply for a Tax Clearance Certificate

  Written by Alicia   Posted 6 June 2016

Do you need to be audited first in order to get a tax clearance certificate? What is the quickest way and process to obtain a TCC?

How to confirm foreign banking details with SARS

  Written by Alicia   Posted 6 June 2016

Hi, Could you please let me know the procedure to confirm my Indian Bank Details. I am an Indian Citizen and working in South Africa in Work Permit. I would like to register my Indian Bank Details for tax refund. Please guide me on the 1. Fees, 2. Documents Required

And also, I would like to know the pricing for tax filing for this year.

Is all income taxable together?

  Written by Alicia   Posted 6 June 2016

If I earn a salary and then also bring in extra monies for side jobs, do I add up all the money I earn and then calculate how much tax to pay or do I keep the two amounts separate. So I pay PAYE on the salary and then work the percentage of tax separately for yhe monies. Please clarify this for me. Thank you

Tax refund on a contract position

  Written by Alicia   Posted 5 June 2016

I worked for a company from end of May 2015 to end of September 2015 on a maternity leave contract basis. The gross of this contract was over R33 000. Can I claim tax return on this and if so, do I get a payout?

Tax exemption for Offshore workers

  Written by Alicia   Posted 5 June 2016

I read a previous post about "Offshore workers" and tax exemption. I fit the profile with my work situation, but do I still need to stay out of the country for 60 consecutive days?

Tax deductibility of vehicle lease payments for independent contractors

  Written by Alicia   Posted 3 June 2016

I am an independent contractor. I do not earn any salary. I currently have a vehicle on which I claim a travel deduction. My vehicle requires replacement. I would like to know if I can claim lease payments as a tax deductible expense should I lease a new car. I have not come across any prohibition on the SARS website. This surely is in the production of income as without a car I would not be able to carry out any work at all.

I am married in community of property, how will I be taxed on an investment?

  Written by Alicia   Posted 3 June 2016

How will I be taxed as I am now retired an have invested the money and draw monthly interest we are married COP monthly 13k

Medical aid tax deduction

  Written by Alicia   Posted 3 June 2016

If I,m a beneficiary on my partners medical aid can I claim medical aid as a tax deduction?
I pay the money into his account and then the medical aid debits his account?

Can I be considered an independent consultant?

  Written by Alicia   Posted 3 June 2016

I am currently an independent consultant, however at the moment 80% of my income does come from a single client. This is because I have not yet found more clients. I am not sure if I am to be treated as an employee based on what I have found out so far. I would strongly prefer (for client and me) to be treated as an independent consultant for tax purposes. Can I register for provisional tax as an independent consultant?

Some more information:
- I'm on retainer with one client for an average of 2 days per week (16 hours per week) since March 2016. - I bill monthly as a sole prop, highlighting the work I have completed and invoice a set amount as per the retainer agreement...

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Is GAP cover tax deductable?

  Written by Alicia   Posted 2 June 2016

Can an individual claim gap cover contributions on their tax return?

Information on out of pocket medical expenses

  Written by Alicia   Posted 2 June 2016

What expenses be covered as out of pocket medical expenses. Can the vitamins, extra supplements, liposuction, any cosmetic surgeries be covered under such expenses be claimed
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