How to declare Taxable Local Dividends (code 4238) on tax return

Posted 2 July 2015

I would like to know where on my tax return (ITR12) should I declare the taxable local dividends (4238). It is from the income tax certificate I received for my unit trusts. The code wasn't on last year's certificate. Both the relevant questions are ticked yes (i. E. 'Did you receive income from interest (local and foreign) and / or taxable foreign dividends?' and 'Did you receive exempt local / and or foreign dividend income?') There is, however, no code 4238 on the inco...

Read more →

Medical Expenses for Tax Return

Posted 2 July 2015

I was on maternity leave for 4 months last year, I only joined a medical aid in August and baby was only covered from October. My whole pregnancy was paid for cash ( +- R60 000 ) I have calculated my return and it is not what I was hoping for. How does medical expenses paid cash work out?

Bursary repayment deduction

Posted 2 July 2015

I'm am repaying a bursary on a monthly basis. Can I use it as an deduction on my personal income?

Thank you

Will SARS still pay me if I lodged a dispute by mistake?

Posted 2 July 2015

I accidentally clicked dispute on my statement and now it is asking for documents. Will SARS still pay me if I ignore the dispute?

Tax returns on provident fund

Posted 2 July 2015

Hi, I would like to know is it possible to claim tax returns on your provident fund that was payed out as a lump sum and where to start?

Deduct medical expense

Posted 2 July 2015

Can I deduct medical expense I paid myself if don't have medical aid?

Documents required for tax returns at SARS

Posted 2 July 2015

What do I carry along when I am going to SARS?

Logbook too big to upload?

Posted 2 July 2015

Hi Tim,
I've been asked by SARS to provide supporting doc's, problem is my logbook is 120 pages via "the Little Logbook" GPS logbook. I know we are limited to 20 pages and 2MB for uploads. Can I submit the 1st and last page showing opening and closing, or should drop all the pages with a SARS office. Thanks!

My registration number

Posted 1 July 2015

What is my registration number?

Didn't find proof of residence, no proof of address

Posted 1 July 2015

I want to change an address at SARS and I can't find any proof of address documents such as statements. What an I use to prove my address?

Rental income at a loss

Posted 1 July 2015

Hi,

I have a apartment that I rent out. The rental income is R5000 which is R350 less that the total expenses
Levies R680
Rates & Taxes R270
Agent Commision R400
Home Loan Interest R4000

Can this loss be deducted from my annual salaried income, and how do I do this ?

I was medical boarded for 11 months and survived with disability grant

Posted 1 July 2015

I was medical boarded for 11 months. Do I need pay tax whilst depending on grant? Will taxman compensate me during this difficult time?

RA contribution refunds

Posted 1 July 2015

I have done a calculation of my assessment. I was under the impression I will get all my RA contributions back as a refund but I did not. Is this correct? And my extra medical expenses, where do they go?

Clarity on pension lump sum

Posted 1 July 2015

I took a lump sum of my pension. Will I get money back?

How to calculate tax return?

Posted 1 July 2015

How do I work out how much tax I'll collect each year?

Will it be better to pay my own medical aid contributions?

Posted 1 July 2015

Currently my employer pays for medical aid contribution. Will it be more tax beneficial for me to move from the group and pay it individually? I noticed SARS pays a monthly fee per dependant. Please advise, thank you.

What if the employer keep delaying this matter hence I have a penality impossed?

Posted 1 July 2015

I have two IRP5s for 2008 that are showing at SARS so SARS asked me to contact my previous employer urgently because I'm owing lot of money already. So the employer is saying that they don't have the records to remove it because that information is on the old software that they don't have anymore. But the will issue a letter that I must take to SARS. I went with that information to SARS but the feedback that I received was it wont help because that record stays on my records and has long it stay...

Read more →

I was unemployed for 3 months last tax year, how does that effect my tax?

Posted 1 July 2015

I was unemployed for 3 months last tax year, how does that effect my tax? In short I only recieved a salary for 9 months. Will I be liable to pay in any additional tax? Are there forms that I need to fill in, because I never claimed unemployment.

Unpaid Provident Fund pay out, how to add to Tax return?

Posted 1 July 2015

I received an unpaid outstanding provident fund pay out from my previous employer in the last financial year. However, I left this employer 5 years ago. I have received a tax certificate. Do I include this in my current tax return and add the amount to my current non retirement income as per the income code?

Tax on Medical Aid

Posted 1 July 2015

I currently work for a company where the medical aid is paid in full by the business, however my tax is killing my net. I work on a gross of R29 537. 08 PM but only net R20 042. 21 which means I am paying almost R10000 a month in tax. According to my company, they say nothing can be done to reduce the monthly tax as it would be unlawful. I want to find out if that is true or if anything can be done to help the situation?

We want to sell our property in our CC? What are the tax implications?

Posted 1 July 2015

Our CC has a property under its name which we currently reviewing a OTP for it. The CC has been dormant for the pass 10 or so years. What will be the tax implication on this Disposal And how can it be worked out?

Lumpsum tax

Posted 1 July 2015

I am going on early pension and comuted one third as a lump sum payout. What tax will I pay.

If earning money privately, from what value must you declare to SARS?

Posted 1 July 2015

I am thinking of doing some management consulting, after my normal working hours. I am hoping to earn approx R 10 000 per month. When do I need to declare this to SARS / or at what value? Do I have to register my company, as i'm not sure if this will be a permanent thing.

Donation, tax payable?

Posted 1 July 2015

My brother wants to give me 100 000, he lives in Singapore. Do I have to pay any tax one this?

Is it possible to apply for 5 years tax return?

Posted 1 July 2015

I haven't claim my tax return since 2010 so is it possible to get all that tax back?
Older posts →← Newer posts    145  146  147  148  149  150  151  152  153  154  155  156  157  158  159  160  161  162  163  164  165