Do I qualify for medical tax credit?

  Written by Marc   Posted 28 September 2014

My medical aid contribution is R3500 each month for my husband and I. I filled this in next to source code 4040 on the eFiling form but when I save and ask to ' calculate tax' then the source code 4008 medical expenses (total) shows 0.... How does this work, am I doing something wrong or do I not qualify for the medical tax credit??

How to claim professional fees on my ITR12?

  Written by Marc   Posted 28 September 2014

I work for commission and want to claim back the professional fees I paid during the last tax season. Next to which source code do I fill this in or in what section on the efiling form.

Is diabetes considered a handicap for medical deductions?

  Written by Marc   Posted 26 September 2014

Is diabetes considered a handicap for medical deductions?

How much tax will be deducted from my lumpsum payout.

  Written by Marc   Posted 25 September 2014

My resignation benefit is R265341,how much of this will I get out after tax has been deducted?

Medical expenses for spouse

  Written by Marc   Posted 23 September 2014

Regarding medical expenses. I'm the primary member and pay for the medical aid and so I put the relevant info and dependents on my return. My wife encountered some individual medical expenses of her own (not claimed from medical aid).
1. Can she put her expenses in her own return under code 4020?
2. What if I paid some of the accounts on her behalf - does it matter?

Is there a tax on bringing large amounts of cash in from offshore account?

  Written by Marc   Posted 23 September 2014

My brother has been working on the ships for a while, and wants to transfer about R1mil to his South African account to buy property in Cape Town.

The money is currently in an account in the Cayman Islands.

Everything I have read indicated allowances and limits taking money out of South Africa. Are there any tax implications bringing money in?

Why is SARS taking so long to make my payment?

  Written by Marc   Posted 23 September 2014

I have submitted all my documents at SARS for my tax returns ...in July...they send me a notification I will receive a payment of R964....the 1 September 2014...another date 30 September 2014...i haven't received any payment yet...i want to know why is it taking so long for SARS to make the payment

Can my wife claim our expenses out of pocket, if the medical aid is in my name?

  Written by Marc   Posted 22 September 2014

Good day

Thank for a great site.
I am a public servant and belong to a medical aid. Me and my work contribute to my medical aid on which my wife and children is dependents. My tax certificate from my medical aid is in my name and shows an amount paid out of pocked not paid by medical aid. May my wife claim this amount on her tax return? She earns less than me and will most probably fall over the 7.5%, which means that she will get some of our expenses back?

Most of the...

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May I claim ADHD medication and part time university fees on my tax return?

  Written by Marc   Posted 20 September 2014

Good day Tim

I am not very clued up when it comes to tax affairs.

A brief background. I am employed and and fall into the higher tax brackets if that assists in any way.

My question is :

May I claim my Adhd medication on my tax return, it is approximately R 620.00 a month.

Secondly May I claim my part time university fees on my tax return. This is approximately R18 000.00 a year.

Your response will be greatly appreciated.

amount of -R0,09 as a refund?

  Written by Marc   Posted 18 September 2014

-R0,09 ?s how much or ?t means how much I can get from SARS?

Rent income for shared property owned by my wife and me?

  Written by Marc   Posted 18 September 2014

Our property (including a garden flat) is owned 50/50 by my wife and I. We stay in the house (primary residence).
How do we declare the Rent Income from the garden flat - just divide it in half for each person (including the applicable deductible expenses e.g. electricity)?

Resubmission of documents to SARS?

  Written by Marc   Posted 17 September 2014

I submitted my tax return via eFiling on 18 August. I was then selected for verification and today, 23 days later I received a document re requesting the documents to be uploaded. Why would SARS ask for the same documents again and how long will this process take?

Will my tax still be paid out?

  Written by Marc   Posted 17 September 2014

Once my tax was submitted and I've been told by SARS I will be paid out by the 19/09/2014 and they call me to tell me I need to have a medical certificate which I don't have will my tax be paid out if I ignore it or what will happen?

Do we include inheritance and personal property as a sole prop when filing small business tax return

  Written by Marc   Posted 17 September 2014

I'm helping my mom do her tax for her small business. We have deducted all the necessary amounts under the expenses section. My mom owns a house that is standing empty and she has a small inheritance of about R100 000. she is a sole prop. do we have to declare this? they are not part of running the business. this is invested in a money market account. she does declare the interest earned to tax.

Second IT34 says amount payable by you. Do I owe them or not?

  Written by Marc   Posted 15 September 2014

After a audit the amount that was owed to me, that had a negative, now shows that that same amount is payable by me. Almost had a heart attack. But when I read on. It says that my acc is 0.00. I don't understand why I owe them. I only claimed my cash medical payments. And been paying my tax as I should. How can I owe them. First ITA34 shows -9690.00. Second ITA34 shows 9690 payable by you. I don't have this kind of money. I think something went wrong. If they say 0.00 account in the second parag...

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Return - Data Submitted To ITS : efiling

  Written by Marc   Posted 15 September 2014

I have done my tax return on efiling for 2014, and which is now: 'Return ?%u20AC%u201C Data Submitted To ITS'. My assessment has been done, and I have received a statement of account and the completion letter as well. The statement reflects that there is a refund due to me.
My question: How long does it take for SARS to process my refund, and how long do I have to wait for the amount to be paid into my account?

ITSA - Manual refund

  Written by Marc   Posted 15 September 2014

I had filed the tax through the tax practitioner and now I got the Statement of Account: Assessed Tax , last Friday its says " Manual refund" under the transaction description in the ITSA document. How long it will take to credit into my bank account.

PAYE tax credits on IT14

  Written by Marc   Posted 13 September 2014

When completing the IRP6 you deduct the amount of PAYE allready paid. When completing the wizard to create the IT14 form, under Tax Credits it asks "Will the company be claiming any PAYE credits reflected on an IRP5 tax certificate" - would you complete this if you deduct PAYE from your employees, like on the IRP6? Or how does this section work?

accidently claiming for longer than I should have

  Written by Marc   Posted 11 September 2014

Hi Tim...Tx for your helpfull blog..i have handed in my tax forms together with the amount I claimed. When I packed my receipts etc away I noticed I made an error...I have by accident claimed for a longer period...up till September 2014. I noticed my mistake and redone it but being in a hurry I grabbed the wrong document in the morning.Needless to say I received an sms from SARS wanting me to send my receipts etc. to them.my plan was to go back on this Friday to rectify the mistake but I feel l...

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Compiling supporting documents for medical expenses not covered by medical aid scheme

  Written by Marc   Posted 10 September 2014

I have been asked to submit supporting documents by SARS for verification purposes and I was wondering what the requirement is with regards supporting documents for medical expenses not covered by my medical aid scheme?

On my Income tax certificate from Discovery there are two numbers given. Firstly one number for Contributions during the period and secondly a number for 'Claims not recovered from the Scheme'. I duly included these under the requisite sections when completing my tax return. ...

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Members share of claims paid on the medical aid certificate be included in qualifying expenditure?

  Written by Marc   Posted 9 September 2014

Should the members share of claims paid on the medical aid certificate be included in qualifying expenditure?

Can both employer & employee med aid contribution be used in calculating Add Medical tax credit

  Written by Marc   Posted 9 September 2014

I need to calculate the Additional Medical Expenses Tax credit to be included onto my Provisional Tax Form IRP6 for 01-2015. Half of my medical Contribution is paid by my employer directly to the medical aid and I pay the other half. Must I use both be added together to include in the calculation? Furthermore I have no excess medical fees/expenses. Another problem is that my 7.5% of my taxable income is greater then the medical value subtotal. This results in a negative value for the Addit...

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my refund is gone to accounts and indicator light shows green but not yet paid out? gone 1 week .

  Written by Marc   Posted 8 September 2014

I had submitted my VAT return and I was due a refund , I was told I can monitor my refund via the refund dashboard and my indicator light shows green for the past week now and I have phoned to find out how far it is and they had mention to me that it shows no documents required and and its at Accounts , that I should wait 21 days. what does this mean as I am confused any idea whats going on as I am new to this eFiling system and always call customer care for assistance?

PIT assurance issues at SARS?

  Written by Marc   Posted 8 September 2014

Good day, I have been referred to audit and when I called SARS they confirmed that they are busy with PIT assurance. It has been 2 months now with no correspondence from them what so ever.
Is this PIT a serious audit process because they do not want to disclose any time period?
Will this really take 12 months?

Calculated result for out of pocket medical costs?

  Written by Marc   Posted 8 September 2014

I am getting a 0.00 result when making nmy calculation but had a 21000, unpaid medical costs
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