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Tax on monthly gift from family

Posted 25 October 2014

A family member is paying money into my account (a fixed amount) over a few months to help me pay back a debt.It is a gift from them to help.Do I have to pay tax on this .I am unemployed and do not submit returns.

TaxTim Marc TaxTim Marc said:
26 October 2014 at 23:22

No you do not, if they are giving you more than R100 000 then they would have to pay tax on the amount over R100 000 at 20%.

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