Maximum amount of money received as a gift before being taxed.

Posted 18 November 2015

I received monetary gifts for my weddings, kitchen tea, bachelorette party and engagement party. I deposited the money on a monthly basis to avoid one big amount. How will this work for my income tax return. Will I be taxed on this? I wasn't sure of the best way to do it. Please help.

How should I complete the ITR12 form without a IRP5?

Posted 18 November 2015

I was employed full-time until end of September. After that I did locum work. I don't have an IRP5 for this period, since I was never permanently employed. How do should I complete the ITR12 form in this case?

Multiple rental properties

Posted 18 November 2015

I have multiple rental properties. Do I add all the income and expenses together? On the SARS form, it was always specified separately

Supporting documents

Posted 18 November 2015

Hi Tim, I am going through a bit of a nasty divorce and I was working for my inlaws, Submitted my tax return and SARS is now asking for supporting documents. Even tho I was not up for Audit. I have spoken to my attorney and he said he would request the documenst from my inlaws eg my IRP5. I do have a refund due, but the only thing I claimed for was medical aid. Can I just submit that or must I wait for my IRP5?

Income from car sold, in behalf of someone else

Posted 18 November 2015

I bought a car for my mother as she is not credit worthy. She sold her old car and that money was paid into my bank account. I use that money and an extra R20 000 to pay of on the new car. How do I declare that income on my IT12?

How do I pay tax as an independent contractor

Posted 18 November 2015

I am an independent contractor. I started working part-time but have since progressed to full-time. Previously I did not earn enough to qualify to pay tax. However, from the beginning of this year working full-time I would need to pay tax. I have been onto the SARS website which shows my ITA34. I submitted this to SARS and it came back that I don't owe anything, which I am not sure is true. I don't want to have any trouble with SARS for not paying. What is the best way to go about in this situat...

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Tax percentage on provident after resignation

Posted 17 November 2015

I have been employed for 3 years . Provident fund I approx 45 k. What Is tax percentage since I have resigned. ?

Capital Gains Tax of a property that was 5 years primary residence and then 6 years Rented out?

Posted 17 November 2015

I have a second property that was my primary residence for 5 years (bought for R200k) and then rented it out for another 6 years. Not I sold it (R500k). Do I pay Capital Gains Tax for the entire 11 years (R300k) or can I pro-rata the Taxable Capital Gains as (6/11 x R300K = R163. 6k).

Registering for tax

Posted 17 November 2015

Hi, im working now as a temp for only two months. However in the past I have never had the need to pay tax because I have never earned that much per year to pay. I used to earn between 3500 to 6000. Now the company want a tax number? Do I need to register or how do I go about? Thx

How will the last year tax returns affect the new year if its not paid?

Posted 17 November 2015

If I have an outstanding amount to pay, will it affect the new year tax returns?

If I use both codes will I be taxed twice on one amount paid to me

Posted 17 November 2015

I have an IRP5 from Glacier Financial Solutions for my pension payments and they have used the amount paid to me under code 3610 and code 3698. If I enter both on my tax return will I be taxed twice?

Period for EMP501 2015-08

Posted 17 November 2015

I want to know for which period is the 2015-08 EMP501 is it from March 2015 to August 2015 or is it from March 2014 to August 2014?

Do you get taxed more in year that you had income or where there was minimal or no income?

Posted 17 November 2015

I left my job in August 2015 and want to withdraw a portion of the provident fund in Nov 2015, i. E. In the same tax year as when I worked 6 months (March - August 2015). Am currently unemployed/self employed. What is the best time to withdraw in such a way as to save on tax. In 2015 year or wait for new tax year (Feb, 2016) where income is R0. 00?.

Can't get old IPR5 from previous employer

Posted 17 November 2015

What should I do if I can't get my old IRP5 from my previous employer, SARS is owing me R6000

Home office Expenses disallowed

Posted 17 November 2015

I'm a normal salary employee (not a commission earner) that work from home in a dedicated office 4 days a week, and I travel to the office one day a week. I tried to claim for a home office, and on my tax return I got the message "Home office Expenses disallowed". No reason given. I've tried querying, but they give me a case number, but never resolve the query. My employee contract is very old, and doesn't have the arrangement in. Can I give a letter from my employer as proof? What other documen...

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Payment Reference Number - Provisional Tax

Posted 17 November 2015

For Provisional Tax - how does one determine the Payment Reference Number on the IRP6? Do you determine this or do I have to - and if so how do I determine the reference number?

No IRP5 received yet

Posted 17 November 2015

I started working for an employer in April this year. I have been informed that my IRP5 will be issued end of next financial year. How will I submit my tax return if I haven't received this yet? I was self employed before starting at the new company and income then was below the threshold to have to submit a tax return.

How to do SARS Tax Returns

Posted 17 November 2015

I am not sure how to do my tax returns and though I have the SARS eFiling log in credentials I do not want to update my ITR12 form and end up having to pay back thousands of money that I do not have. I am afraid that I will have penalties involved and not sure how to go about it?

Medical Aid and Annuity deductions

Posted 17 November 2015

Good afternoon. I have medical aid and a retirement annuity, which is registered under my name and details, but the payments are made in full directly by my employer. It does not reflect on my monthly salary slip but is part of my formal yearly package. Can I claim tax on my medical aid and annuity?

Med deductions

Posted 17 November 2015

Med expenses R29227. 00 for year 28/2/15
Single
Income R150000. 00
78 years old
What can I claim for medic

Earn a salary but fill my own fuel

Posted 17 November 2015

Hi, hope you can assist me with a question. I currently earn a basic salary as I'm employed as a rep, I fill my own fuel when going out to see customers. My question is : can I claim for km I travel for business?

Can I still log Notice of objection after more than 30 days

Posted 17 November 2015

Hi. I submitted my tax in July but only claimed disability however did not put in my expenses. Like school fees. Can I still log a Notice of objection

How much tax for my bonus

Posted 16 November 2015

If I'm getting a bonus at the end of the year that is on December from my company I'm working. How is my bonus tax calculated. Like my monthly gross is R7042. 35. And my bonus is same amount as my net salary R6809. 05. How my bonus be taxed?

Where do I get my tax directive?

Posted 16 November 2015

I got an IT34 notice. My tax status shows I need manual interference from SARS as they need a tax directive for the lump sum paid to me from a retirement fund. I received one IRP5 from my employer which includes my year's salary income as well as the retirement money. What happens now? Who is responsible for getting the tax directive? Shouldn't the retirement fund paid me directly and issued their own IRP5 to me?

Payment periods for Provisional Tax

Posted 16 November 2015

Re: 2015 - Provisional Tax Payer
If I make payment of my first provisional for the tax year 2015 then this would need to be submitted by the end of August 2015 - the second provisional payment to made by end of February 2016. Should I need to make a top up this would be made before the end of September 2016 and the final ITR12 would then be made before the end of January 2017 - is this correct?
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