ITA34 report when receiving a non-taxable allowance

Posted 25 November 2015

The bank requires me to submit an ITA34 report for a loan application. My income is not taxable because it is an allowance from my parents. Is it possible to still get this clearance from SARS?

Tax Deduction for Personal Vehicle

Posted 24 November 2015

I am busy completing my Tax tax return with TaxTim, under the Tax Deduction section there is a wear and tear section. Can I depreciate the value of my personal car if I am still paying it off?

Deduction for travelling to work

Posted 24 November 2015

Where do I enter my deduction for travelling to work as an independent contractor?

All I find is this:
"Did you spend any money on business travel which you do not get a travel allowance or reimbursement for? You must be a commission earner to answer Yes. Look for source code 3606 on your IRP5. Your Commission MUST also be more than 50% of your total income as stated on your IRP5. "

And this:
"Do you receive a travel allowance from your employer? Click Yes if source codes 3701 or 3702 appear on your IRP5, AND if you kept a vehicle logbook. "...

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Any tax on inheritance of a house

Posted 24 November 2015

My daughter will inherit my primary residence. Are there any tax implications for her and/or for my estate? Like CGT for example.

What taxes would be applicable to my gross salary in UK?

Posted 24 November 2015

Dear Tim, I am a provisional tax payer in South Africa. What would my tax parameters be if employed and paid by UK company?

Tax on allowance for laptop?

Posted 23 November 2015

Is there tax on laptop allowance?

Travel expenditure claimable?

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?

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

Posted 19 November 2015

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

Tax on bonus from work

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

What type of forms to submit to represent your vehicle logbook

Posted 18 November 2015

When asked to submit your logbook to SARS, can I use the petrol claim forms for the starting and ending month of that financial year or should I include all the months?

Subsistence allowance expenses

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.

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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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?

Subsistence allowance claim

Posted 16 November 2015

My employer gave me a subsistence allowance for local travel. But they have shown it under Code 3713 (other allowances) instead of under the subsistence allowance code. The subsistence allowance field on the tax return is greyed out and so is the other allowances field. How do I claim my expenses?

Where to put things on tax return

Posted 16 November 2015

I worked for a company for two months last year and then worked for myself and invoiced out work. This means I have a IRP for the 2 months and then have to declare my income and expenditure on the balance of the year. When I populate the form I say yes to other income (trade). Where do I declare my expenses - such as computer, printing stationery, vehicle, medical, telephone, bank charges?

Is it better to buy or lease a vehicle for a commission earner?

Posted 16 November 2015

I am a real estate agent and require a vehicle to travel to appointments, etc. Would it be better to buy a vehicle (new or used) or lease a vehicle? My understanding is there are greater tax benefits in leasing (claim 100%) while buying a vehicle there is only a portion of the vehicle and interest you can claim. Is this correct? Which would you recommend?

Travel Claim for independent contractor

Posted 16 November 2015

Firstly, thanks for this very informative site!

I am an independent contractor. I have used my vehicle for business use (without making a claim for re-imbursement) and have recorded this in a logbook. May I claim depreciation for my vehicle (under 4027)? Also where do I claim my business mileage travelled (code 4015 is greyed out)? And what value do put in as a claim? Is it the km multiplied by some rate? And what rate would that be?

I also have used my cell phone to make business calls and have ADSL which I use for doing work related activities. Where do I claim these amount?...

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Foreign service income exemption

Posted 13 November 2015

I was hoping to pick your big tax brain before I submit my tax return and cause chaos at SARS.... I qualify for S10(1)(o) in terms of foreign services rendered as I meet the requirements in this regard. My dilemma is I don't know which part of my income I can use to claim the applicable portion of this exemption i.e. Income (3601); Annual payment (3605) etc. To further complicate the situation I had share options exercised in the same tax year!

Would you mind confirming which source codes I can use in the claim?...

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Travel allowance offshore

Posted 13 November 2015

Is the offshore allowance for travel R3000 for 2015?

Deductions for 3713 motor vehicle allowance

Posted 12 November 2015

I receive a car allowance listed under code 3713 on my IRP5 in addition to my reimbursive travel claim, listed as 3702. Can I claim any deductions against the 3713 allowance and if so, what deductions will be allowed?

Can I claim private or official used km

Posted 11 November 2015

Income source code 3802 can I claim private or official km

Code on IRP5 for housing subsidy

Posted 10 November 2015

Housing subsidy - Code on IRP5. Don't know if it is code 3601

Minimum threshold for tax deduction and applicable rate

Posted 10 November 2015

What is the minimum threshold for tax deduction and the applicable tax rate

Independent Contractor can you claim depreciation on your vehicle

Posted 9 November 2015

As an individual with additional Independent Contractors remuneration, can you claim depreciation on your motor vehicle even if you get a travel allowance on your main income.

Must I submit returns for previous years when I earned very little? (single income, no claims)

Posted 9 November 2015

After phoning SARS about an eFiling problem (presently 2015), I was told by the consultant that my tax return for 2013 was overdue. I responded that I hadn't been making anywhere near the tax threshold that year, and that various SARS website material, tax-consultants & SARS consultants over the years had confirmed as much (single source income, no med-aid, no R/A, no travel, no NPO-PBO donations, etc). He responded that everyone had to submit a tax return every year, regardless of how much they...

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