FAQ Blog Calculators Students Logbook Contact
Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


Paying tax on money received as a gift

Posted 13 January 2016

Lesley said:
13 January 2016 at 13:29

My sister is sending me money from the uk to me here in SA. It works out about R72,000
Do I have to pay tax on this amount and, if so. how much?

TaxTim Nicci TaxTim Nicci said:
13 January 2016 at 17:11

No you will not have to pay tax on this amount, it will be seen as a gift.

This entry was posted in Tax Q&A Bookmark the permalink.




Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.