Medical Gap Cover - claimable

  Written by Evan   Posted 22 November 2015

I changed from a medical aid with gap cover to a hospital plan with gap cover. I don't have the gap cover tax certificate nor the expenses we paid cash for when on the hospital plan. Is this important to obtain? I think I may be able to get both.

Travel expenditure claimable?

  Written by Evan   Posted 22 November 2015

I am contracted out from my company where I am employed as a permanent employee. I have realised that I should have a travel allowance as I should be able to claim all the km's from the office to the respective clients?

The claimable distances are about 26km x2 per working day. However, I don't have a travel allowance on my payslip. Your advice?

Policies where does that go?

  Written by Marc   Posted 20 November 2015

Where do I put in medical aid contributions, retirement annuity, income protection, endowment policy, provident fund?

Thanking you
Debbie Mocke

Source code for admin fee on rental

  Written by Marc   Posted 20 November 2015

What is the source code for rental administration income as a third party?

Where on my SARS form do I submit info for a Unit Trust Investment if I get a IT3(b) Portfolio incom

  Written by Marc   Posted 20 November 2015

Where on my SARS form do I submit info for a Unit Trust Investment if I get a IT3(b) Portfolio income summary?

Is capital gain only for the period that a property is rented if it was a primary residence?

  Written by Marc   Posted 20 November 2015

I would like to sell a rental property which was my primary residence from 1 September 2007 -30 June 2012. It has been rented out from 1 July 2012 till the date of sale? December 2015. This means it was my primary residence for 5 out of 8 years. Is the capital gains calculated for the 3/8 years ie: 37,5%?

where do I put medical aid savings interest earned INCOME TAX - IT3(b) in the tax returns?

  Written by Marc   Posted 19 November 2015

This year I received R400 from an INCOME TAX - IT3(b) from the medical aid as interest earned, this is the first time I receive it with an amount previously it will just be R0. 00. Do I need to include this amount in my tax return and if I do where do I put in?

I think I have the wrong IRP5

  Written by Marc   Posted 19 November 2015

My period of employment was 01/05/2013. Can I still do that tax year?and how do I get a IRP5 for my current employment?I work for a real estate company and only get commission.

Which section does capital gains tax fall under?

  Written by Marc   Posted 19 November 2015

During the past tax year, my husband and I (married out of community of property) bought a property together to rent out. We fixed it, but subsequently sold it for various reasons. Which section does this capital gains tax fall under? It's not under interest/investments and the questions under "business" confuse me... Thanks,

Medical expenses in my return

  Written by Marc   Posted 19 November 2015

My company pays my medical aid which is reflected on my IRP5 under code 4005. I have 4 dependants on their own medical aid. I pay the contributions from my bank account. Do I add these contribution amounts to my other medical expenses for same dependants also paid out of my bank account and reflect it under code 4020? Plus do I state the number of dependants including myself as 5/month?
I am never sure how to complete this each year. Thank you

Can I resubmit incorrectly done tax returns from previous years?

  Written by Marc   Posted 19 November 2015

If I have incorrectly filled out a tax return from a previous year and this has resulted in penalties. Can I resubmit that year using TaxTim?

Can I claim my expenses for traveling to work everyday? My tax code is 3616.

  Written by Marc   Posted 19 November 2015

Can I claim my expenses for traveling to work everyday? My tax code is 3616.

Forgotten Expenses

  Written by Marc   Posted 19 November 2015

I have submitted my tax return via taxtim but have forgotten to include out of pocket medical expenses of R4180.

Cash Receipts in lieu of benefits

  Written by Marc   Posted 19 November 2015

Is the cash part of your salary received in lieu of benefits taxed? (usually when you are a contract worker)

UIF to be deducted weekly from Wages?

  Written by Marc   Posted 19 November 2015

Should UIF be deducted from the employees wages weekly, if the employee gets paid Weekly Wages? Or add all the weekly payments together at month end, then deduct 1x UIF amount from the employee?

TAX for vacation student

  Written by Marc   Posted 19 November 2015

How do I register for a tas number if i'm a vacation student?

Tax on Cash Lump Sum

  Written by Marc   Posted 19 November 2015

I have resigned and Agreed with my current employer to get paid my 3 month notice pay since I am starting my own business. How much tax is applied to a cash lump sum (3month notice 220k leave pay 70k), can I apply for a tax directive.

Does TaxTim work for self-employed, freelance individuals?

  Written by Marc   Posted 19 November 2015

Does TaxTim work for self-employed, freelance individuals?

Home office

  Written by Marc   Posted 19 November 2015

What evidence do I need to claim expenses for a home office?
What expenses can I claim besides rental?

Interest on family loans

  Written by Marc   Posted 19 November 2015

If I loan my child R150 000 and charge her 7,5% interest, would that be considered fair interest by SARS ( I will also donate R 100 000 to her in that same tax year), and the interest I earn (from the loan) would that fall into the R 23 800 interest exemption, and not actually be taxable?

Tax on bonus from work

  Written by Marc   Posted 19 November 2015

Hi, If I earn 12000 per month and get a full 13th bonus of 12000. 00. How much of my bonus will be tax

I have to do the IRP5 only

  Written by Marc   Posted 19 November 2015

I have the IRP5 not the IRP6 or 12. Why I did not get that option?

Meaning of efiling status

  Written by Marc   Posted 18 November 2015

What does it mean when your SARS eFiling status shows Filed.

DOES TAXMAN TAX PERFORMANCE BONUS IN PUBLIC SERVICE

  Written by Marc   Posted 18 November 2015

DOES TAXMAN TAX PERFORMANCE BONUS IN PUBLIC SERVICE

Subsistence allowance expenses

  Written by Marc   Posted 18 November 2015

If I received a taxable subsistence allowance, but did not keep record of expenses (or proof) will I be able to deduct a deemed expense on my tax return.
Older posts →← Newer posts    37  38  39  40  41  42  43  44  45  46  47  48  49  50  51  52  53  54  55  56  57