Do I declare my CGT on the IRP6?

  Written by Alicia   Posted 6 February 2017

My husband and I sold our primary residence and bought a new one in April 2016. According to TaxTims Calculator, we don't need to pay Capital Gains Tax because it was less than R2m, but:
1. Do I still need to declare the capital gain?
2. If so, do I declare 50% of it because I own half of the property?
3. Also, I missed any mention of capital gains in my Prov tax Period 1. When I filled in Period 2 today, I didn't see any space to add Capital Gains.

When is the earliest date for Tax submission?

  Written by Alicia   Posted 6 February 2017

When is the earliest date for Tax submission for 2017 tax year?

Why do I have to pay back

  Written by Alicia   Posted 6 February 2017

SARS request payment from me. I am not sure why? How do I check? And on the phone SARS says because I never submit all supporting documents!

Vehicle depreciation vs deemed travel allowance deduction. An I allowed both?

  Written by Alicia   Posted 6 February 2017

Vehicle depreciation vs deemed travel allowance deduction. An I allowed both?

ITR14 confusion

  Written by Alicia   Posted 6 February 2017

I started my company in jan 2015 and want to submit my tax for march 2015- Feb 2016. I requested ITR14 for tax year 2016 is this correct. Which one do I request for Provisional tax for the same tax year. (2015-02,2016-01,2016-02)?

Tax on last salary

  Written by Alicia   Posted 6 February 2017

I earn R8000 per month, if I resign from my employer half way through the month am I still required to pay tax on my income?

Over how many years can you depreciate earthmoving equipment

  Written by Alicia   Posted 6 February 2017

Whats the depreciation on a 2006 bobcat?

Add more than one depreciation expense

  Written by Alicia   Posted 6 February 2017

I have a laptop, tablet and cell phone that I need to depreciate, how do I do this?

Can I claim tax back on the materials I bought?

  Written by Alicia   Posted 6 February 2017

I am self employed and bought materials for my business, can I claim a deduction for this on my return?

Depreciation on office equipment

  Written by Alicia   Posted 5 February 2017

I am hiring office equipment such as chairs, tables etc. can I claim depreciation on it?

Divide pension between spouses

  Written by Alicia   Posted 3 February 2017

I am married in community of property and my wife and I are both individual provisional tax payers. I have been retired for 20 years. Can i divide my pension income between myself and my wife's income on our IRP6s?

Legal tax deduction?

  Written by Alicia   Posted 3 February 2017

Good Day I would like to know who is right in this scenario: a SA resident and the SA company I work for received a construction contract in Sierra Leone, November 2015 we left with promises that there will be no tax deducted. Just before we left our SA employment was terminated and we were rehired by the newly established Sierra Leone company (same name, just now Sierra Leone ltd). We work everything according to the SARS 183/60 rule In the meantime, salary and tax deductions went on like norma...

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Can TaxTim change my banking details?

  Written by Alicia   Posted 3 February 2017

I was asked by SARS to come and verify my banking details in person, can TaxTim go and do it for me?

When do I declare interest income?

  Written by Alicia   Posted 3 February 2017

I earn interest on my medical aid savings, do I declare it to SARS the day I leave the medical aid or at the end of the year I earned it?

Rental Income Tax for Foreign Non Residents

  Written by Alicia   Posted 3 February 2017

Dear Tim, I am a foreign non resident and own a property in South Africa from which I gain rental income of about R6500 gross per month, or around R4000 after expenses. It has lately come to my attention that I may need to pay tax on this. How do I get started? I rarely visit South Africa.

Resignation and taxes

  Written by Alicia   Posted 3 February 2017

I have 30 years service at my current employer and my pension lump sum is R1820000. Id like to know what my taxes will be if I resign? are my 30 years taken into account and lastly. I must still pay my mortgage. Can this be done tax free?

How do I know the verification process are completed

  Written by Alicia   Posted 3 February 2017

Hi. I was requested to send documents for verification which I did. About four weeks later I was issued an additional IT34 (assessment) that showed no changes were made to the original assessment and on this one it indicated that I am not selected for audit / verification. But I have not yet received a completion letter. Does this mean the verification process has now been completed?

Claim for out of pocket expenses

  Written by Alicia   Posted 3 February 2017

I dont have a medical aid but I need to see a physio every week after being in a car accident last year. Cam I claim this expense on my tax return?

Tax clearance application

  Written by Alicia   Posted 3 February 2017

How do I apply for tax clearance certificate via eFiling?

Change of banking details

  Written by Alicia   Posted 3 February 2017

If I update my account details on eFiling will that be updated with SARS immediately?

travel claim

  Written by Alicia   Posted 3 February 2017

Can I claim for a travel expense from SARS if I was only given a travel allowance for one month in the last tax year?

TAx number, where do I get it?

  Written by Alicia   Posted 3 February 2017

I lost my tax number, are you perhaps able to get it from SARS on my behalf?

Which package to sign up for

  Written by Alicia   Posted 2 February 2017

We are starting a new pty ltd and will be employed by the company as directors, should we sign up for SMART or ULTRA package, the company turnover is more than R1m pa, what company package do you have?

Medical aid contribution

  Written by Alicia   Posted 2 February 2017

I pay my medical aid via my employer but they dont help me with the contribution. They do give me a medical tax credit every month, is this the right way to do it or should my medical aid only show on my tax return?

Tax on severance package

  Written by Alicia   Posted 2 February 2017

I am about to take the voluntary retrenchment package and wanted to know if I will be taxed on my last salary along with my leave days and severance package?
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