Unemployed but paying medical aid contributions. Tax implications?

  Written by Marc   Posted 1 October 2014

Hi Tim. I worked for 2 months in the 2014 YOA. I then left work upon the birth of my child. I am the principal member of our family's medical aid (myself, husband and child) and the contributions are paid from my bank account. Since I left work, my husband transfers money into my bank account for the payment of the medical aid. Do I claim this on my tax return even though I am not employed? Should my husband claim it even if the policy is not in his name? I did have income this year so if I clai...

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What can I do to get tax number?

  Written by Marc   Posted 1 October 2014

How to find my tax number. I don't receive IRP5 and I am a permanent employee.

Are independent contractors buisness or individual taxpayers

  Written by Marc   Posted 30 September 2014

I am registered as an independent contractor code 3616, do I fill my ITR12 as an individual or as business. I pay wages to my two employees but don't know how fill it out on the form.

Tax Implications Of a Cash Gift/Loan Between Family Members

  Written by Marc   Posted 30 September 2014

My wife received a R250K cash gift (or loan) from her mother on the condition that it should be repaid if the mother needs it back - otherwise it is to form part of her inheritance.Is there any tax implication to this besides my wife declaring the interest earned on this amount as taxable income on her returns?

Received a verification email from SARS - what does it mean?

  Written by Marc   Posted 29 September 2014

I have received a statement of account but I have been selected for verification, how long does this process take?
i submitted supporting documents on the day my tax was submitted via e filing.

it is a rather simple return though as its only my salary and medical aid contributions that come into play.

Penalty Assessment Notice

  Written by Marc   Posted 29 September 2014

I received a penalty assessment notice from SARS after not filing my returns for the last year. While working for a salary, I have been earning cash deposits of less than R10,000 on small freelance jobs, what is the best thing to do at this point?

Do I qualify for medical tax credit?

  Written by Marc   Posted 28 September 2014

My medical aid contribution is R3500 each month for my husband and I. I filled this in next to source code 4040 on the eFiling form but when I save and ask to ' calculate tax' then the source code 4008 medical expenses (total) shows 0.... How does this work, am I doing something wrong or do I not qualify for the medical tax credit??

How to claim professional fees on my ITR12?

  Written by Marc   Posted 28 September 2014

I work for commission and want to claim back the professional fees I paid during the last tax season. Next to which source code do I fill this in or in what section on the efiling form.

Is diabetes considered a handicap for medical deductions?

  Written by Marc   Posted 26 September 2014

Is diabetes considered a handicap for medical deductions?

How much tax will be deducted from my lumpsum payout.

  Written by Marc   Posted 25 September 2014

My resignation benefit is R265341,how much of this will I get out after tax has been deducted?

After retirement did consulting work then started working again

  Written by Marc   Posted 25 September 2014

After retirement I was paid as a consultant and started working again in Oct 2014. Do I have to declare the consulting fees I received before I started working again in Oct 2013?

I need to renew my TCC with SARS.

  Written by Marc   Posted 25 September 2014

how do I renew tax clearance certificate

If you donate R100 000 to your spouse, does she need to declare it as income and pay normal income t

  Written by Marc   Posted 23 September 2014

If you donate R100 000 to your spouse, does she need to declare it as income and pay normal income tax on it?If yes;If your spouse is in a lower tax bracket than you, would you donate money to him / her annually? Then the spouse will be taxed on the donation at lower rate than what you would be taxed at?

Medical expenses for spouse

  Written by Marc   Posted 23 September 2014

Regarding medical expenses. I'm the primary member and pay for the medical aid and so I put the relevant info and dependents on my return. My wife encountered some individual medical expenses of her own (not claimed from medical aid).
1. Can she put her expenses in her own return under code 4020?
2. What if I paid some of the accounts on her behalf - does it matter?

Is there a tax on bringing large amounts of cash in from offshore account?

  Written by Marc   Posted 23 September 2014

My brother has been working on the ships for a while, and wants to transfer about R1mil to his South African account to buy property in Cape Town.

The money is currently in an account in the Cayman Islands.

Everything I have read indicated allowances and limits taking money out of South Africa. Are there any tax implications bringing money in?

Why is SARS taking so long to make my payment?

  Written by Marc   Posted 23 September 2014

I have submitted all my documents at SARS for my tax returns ...in July...they send me a notification I will receive a payment of R964....the 1 September 2014...another date 30 September 2014...i haven't received any payment yet...i want to know why is it taking so long for SARS to make the payment

Do I need to submit my returns manually to SARS office as well?

  Written by Marc   Posted 23 September 2014

Is it necessary for me to submit my returns manually to SARS office , since I have complected my returns online?

Can my wife claim our expenses out of pocket, if the medical aid is in my name?

  Written by Marc   Posted 22 September 2014

Good day

Thank for a great site.
I am a public servant and belong to a medical aid. Me and my work contribute to my medical aid on which my wife and children is dependents. My tax certificate from my medical aid is in my name and shows an amount paid out of pocked not paid by medical aid. May my wife claim this amount on her tax return? She earns less than me and will most probably fall over the 7.5%, which means that she will get some of our expenses back?

Most of the...

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Obtaining a tax directive from SARS - how long does it take?

  Written by Marc   Posted 22 September 2014

My name is Cobus. How long does it take GepF to get a tax directive from SARS

May I claim ADHD medication and part time university fees on my tax return?

  Written by Marc   Posted 20 September 2014

Good day Tim

I am not very clued up when it comes to tax affairs.

A brief background. I am employed and and fall into the higher tax brackets if that assists in any way.

My question is :

May I claim my Adhd medication on my tax return, it is approximately R 620.00 a month.

Secondly May I claim my part time university fees on my tax return. This is approximately R18 000.00 a year.

Your response will be greatly appreciated.

Where do I declare exempt income from the UN?

  Written by Marc   Posted 19 September 2014

I work for the UN in South Africa, and have a letter stating that my income is exempt as per article IX of the convention of Priveledges and immunities dated Fenruary 13 1946, where do I put the amount earned in my return? Is it part of exemption under s10(1)(o) or do I declare it under other, in the exempt income?

What is the charge for TaxTim?

  Written by Marc   Posted 19 September 2014

What is the charge for TaxTim?

no credit/cheque card

  Written by Marc   Posted 19 September 2014

i don't have a credit or cheque card can I give you my bank details

amount of -R0,09 as a refund?

  Written by Marc   Posted 18 September 2014

-R0,09 ?s how much or ?t means how much I can get from SARS?

Rent income for shared property owned by my wife and me?

  Written by Marc   Posted 18 September 2014

Our property (including a garden flat) is owned 50/50 by my wife and I. We stay in the house (primary residence).
How do we declare the Rent Income from the garden flat - just divide it in half for each person (including the applicable deductible expenses e.g. electricity)?
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