Car Insurance and Tracker

Posted 7 August 2013

Hi Tim

Can I claim for insurance and Tracker on my vehicle that is used for part-work and part-personal use?

I am unable to fill in your questions due to different source codes numbers

Posted 7 August 2013

None of these source codes is available on my IRP5. I have no 4007, 4006 or 4018 codes on my form..

Provident Withdrawal Tax

Posted 7 August 2013

I have a Provident fund with my Employer. They contribute 5% (which is tax deductible) and I contribute 5% (which is not tax deductible).My question is: when I resign and withdraw the funds, is the employee portion paid out tax free (as I already paid tax on it every month)? Or does it add to the withdrawal benefit scale (i.e. first R22,500 free, then 18%, etc.)

What proof to submit to SARS for depreciation on a vehicle?

Posted 6 August 2013

I can't find the invoice for my car which I purchased new and paid for in cash in 2010. What proof would I need to submit to SARS instead to claim depreciation on this vehicle? (I work mainly for commission and I use my car mainly for business purposes).

Account balance due by you, what does this mean?

Posted 6 August 2013

I submitted my IRP5 on Friday and received an SMS saying "thank you for filing your 2013 tax return, account balance: R2120 due by you, please refer to your mail". What does this mean? I haven't received my money yet, what can I do?

What is AVS?

Posted 5 August 2013

Hi Tim,

I submitted some outstanding documents on the 01-08-2013 for audit and verification. Today 05-08-2013 when I check there is a msg that says AVS Bank with AVS verification pass 05082013.

What does this mean?

I own half of 2 properties plus earn R7000pa interest on savings. Do I have to pay tax?

Posted 5 August 2013

Hi Tim,I am retired and earn approximately R7000 pa in interest on savings. Do I need to register as a tax payer? I am joint owner of our permanent residence plus a beach cottage.Many thanksBev

What is the period of getting your money back ?

Posted 5 August 2013

I submitted my tax return on Wednesday 2013/07/31 and it was confirmed that I would get R1536 back and still today am still waiting for that money. When do you think I will get it exactly ?

Do I need to declare a lump sum death benefit payout to SARS?

Posted 5 August 2013

My husband recently passed away and I received a lump sum death benefit payout, which already had tax deducted from it. Do I still need to declare this income and if so, what type of income is this?

Dispute approved, but payment amount incorrect

Posted 5 August 2013

Hi, I changed jobs and my pension fund was paid to me in a lump sum with tax deducted, but the liberty loaded irp5 incorrectly on e filing so it looked like I didn't pay tax on the amount. I only realised after I filed my tax return so phoned them, they cancelled the wrong certificate and loaded the correct IRP5 onto SARS. I then had to go dispute the matter with SARS. According to them I owed R9700. The dispute was allowed, and they said they owe me R13000, but they only paid me R3500 because t...

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Freelancer questions - Personal / business home office expense and wear & tear on a PC

Posted 5 August 2013

I am a freelancer & am registered as a provisional tax payer.

With regards to sharing rental costs, seeing that one of my rooms in my flat is used for my office, can I add detergents, coffee & tea to my list of expenses? If I had an office, these would come off as office expenses I'm sure. So seeing that I use the communal area of my house, i.e. toilet & kitchen, should the running expenses not be added to the amount I split between personal/business use?

With r...

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Does an additional assessment affect the first assessment of my tax return?

Posted 4 August 2013

I have submitted my tax return and was then selected for audit/verification. I submitted the supporting documents and SARS indicates that they have received the documents, but does not indicate if the assessment has been finalised. They have issued me with an additional assessment (a second one), but this didn't affect my initial assessment. Does it mean that I will be refunded with the amount due to me as per the initial assessment?

Meaning of source code 3805

Posted 3 August 2013

What does the source code 3805 mean?

How long to wait after changing banking details at SARS

Posted 1 August 2013

Hi Tim, it's my first time I did my ITR12.

I got a notice letter asking for supporting docs for source code 4201, I then submitted my unique letter and IRP5, also I corrected my bank details.

My SARS Status shows "AVS Bank Verification Pass". Any idea how long this might take before refund is made to me? Thanks for all the great advice, regards.

Fired, but don't have my IRP5. What must I do?

Posted 1 August 2013

If I have been fired from work and I don't have an IRP5 for my tax return what must I do?

My tax position at the end of February 2014 after I received income from two different employers

Posted 1 August 2013

Hi Tim

From my permanent employer I received R5000.00 per month which was increased to R5500.00 per month from July 2013. My contract for this job comes to an end half way through January 2014, therefore being 10.5 months of the 2014 tax year. My employer does deduct any amount for PAYE.

From February 2013 to August 2013 (being a 6 month contract) I had a part time job (being a different employer), where I received R3000.00 per month. My employer here deducted R750.00 per month for PAYE....

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Do I pay a penalty if I register for tax now only, after working for 7 years?

Posted 1 August 2013

Hi tax tim.
I just want to know if I will pay a penalty if I've never registered for tax and have been working for 7 years but want to start doing my tax this year?

Appealing the result of an objection

Posted 31 July 2013

I lodged a NOO on my assessment and this has been partially approved however when checking the assessment issued as a result of the NOO, I noticed that there are still errors. Can I lodge a second NOO or do I have to lodge a NOA? And if so how does this work?

Two tax certificates (2) for 2013 - Two different medical aid no's and 2 diff. options

Posted 31 July 2013

I am trying to get my (2) tax certificates for 2013 from my medical aid - but they keep sending only the one.

Let me give you more detail: From 01/03/2012 - I was on a different option - up to 31/10/2012
I then retired but carried on with the medical aid - BUT with a different option and a diff. medical aid number.

I have tried everything and they keep giving me only the latest one which is from 01/11/2012
I went into the website (on the old number) but they keep giving me tax certificate for up to 28/2/2012....

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Tax code not entered on IRP5 for tax exemption. How do I get this fixed?

Posted 31 July 2013

I have worked out of the country last year for more than 183 days and 60 days continuous.
We do not do this every year, so my employer did not enter the tax code under (Reason for Non deduction of employees tax) (4150) . They said it is to difficult now to change it.

What will I be able to do, to get this fixed, it will probably only be for one last year. Should I go to the Tax office and try to explain?

Thanks

Church donations deductible?

Posted 31 July 2013

Hi Tim,I make monthly donations to a church. How will I know if they are an NPO? Would I have received something if they were?Will these donations be tax deductible under code 4011?Your help would be much appreciated.RegardsJ

Why are 4003 and 4008 deductions showing at zero?

Posted 31 July 2013

On my tax calculator result, the following deductions show a result of zero even though figures were put in while filling out my return:4003 - provident fund contributions4008 - allowable medical deductionsWhat is the reason for this? Help would be much appreciated :)Regards

How to calculate tax on annual leave payment when dismissal occurs

Posted 31 July 2013

How do we calculate tax on accrued annual leave pay when one is dismissed? Is there a percentage or tax table that needs to be used? It is about 8 days leave accrued and is less than R 2 500. 00.

I already registered with SARS so I want to submit my IRP5. What steps must I follow?

Posted 31 July 2013

I am already registered with SARS and want to submit my tax return with IRP5. How do I do this?

When should donations be included in the donee's gross income and taxed?

Posted 31 July 2013

If father A gives child B (not a minor) a donation of R100,000, will that amount be included in child B's gross Income for the period? The same applies to person A donating R100,000 to Trust B, will the R100,000 be included in the Trusts gross income and therefore is it taxable as income?
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