Must a capital gain be included in the first provisional return for the year when the gain is made?

  Written by Marc   Posted 23 June 2015

My company sold a property in April 2015. The tax year end is February 2016. Would the capital gain on the sale of the property have to be included in the first provisional tax return in August. The company has never actually traded and has no basic amount.

Help me to know if I qualify to pay tax?

  Written by Marc   Posted 23 June 2015

I am permanently employed and receive the basic salary of R2600. 00 p/m excluding overtime. Do I have to pay tax?

If I pay to make use of state hospitals, does this count as medical expenses?

  Written by Marc   Posted 23 June 2015

Hi, I am not on a medical aid, but have paid privately to have some tests done and have also paid a fee at a state hospital according to my earnings. If I have the receipts do these count as deductions?

Tax implications of trading Equity, Bonds, Derivatives, Money Market and Forex.

  Written by Marc   Posted 23 June 2015

What are the Tax implications of trading the following asset classes Equity, Bonds, Derivatives, Money Market and Forex.

Tax eFiling Assistance Required

  Written by Marc   Posted 23 June 2015

I want to file my return for assessment year 2014 and 2015 both. I have IRP5 file available to me provided by my employer. Please let me know how can you help me as I have some other Tax questions as well.

Loan from UK - treatment for tax purposes?

  Written by Marc   Posted 23 June 2015

My brother in law is a UK citizen, and wishes to gift his brother, my husband, a sum equal to R1.2 million rand. My husband is not South African, but a permanent resident here. It is his wish then to pay our mortgage bond here in SA with that money. What are the tax implications if any? The bond is registered in my name only. Do we have to declare the money?

If a company generates less R250k per annum does it file return?

  Written by Marc   Posted 23 June 2015

If a company generates less R250k per annum does it file return?

What constitutes "place of work?"

  Written by Marc   Posted 23 June 2015

Travel Allowance: SARS says that travel between home and place of work is considered private and may not be claimed. What constitutes my "place of work"? I am a pastor. I do not have my own office at the church building where I am employed, but I often travel to the church during the week to see people or attend meetings. Am I allowed to claim those trips to the church building as work km's?

What Gross earnings/profit does the business have to earn before being laible for tax?

  Written by Marc   Posted 23 June 2015

What is the tax threshold for a business? What Gross earnings/profit does the business have to earn before being laible for tax?

Register for a tax reference number?

  Written by Marc   Posted 23 June 2015

How do I get a tax reference number. I am unemployed but applying for a job and they require a tax reference number on my application form?

What tax amount is deducted from a provident fund when retrenched?

  Written by Marc   Posted 23 June 2015

I have been retrenched. How much tax will I pay to withdraw from the provident fund value of R600 000

2 examples of indirect taxes and current rates

  Written by Marc   Posted 23 June 2015

2 examples of indirect Taxes and indicate the current rates of taxation on each?

Value added tax

  Written by Marc   Posted 23 June 2015

Using an example , explain the basic principal of value added Tax?

Tax on leave payout and which law governs the tax deducted

  Written by Marc   Posted 23 June 2015

What amount should you get taxed on for leave payout if it is paid out separately and not with your monthly salary? Is it suppose to be taxed as a lump sum using code 3605? What law governs the tax deducted for this? would it be a SARS law or a LRA law? Please advise

Does pocket money count towards the R100,000 donations threshold?

  Written by Marc   Posted 23 June 2015

I am giving my son R100,000 and putting it into a fixed deposit account to save. I know this is the maximum donation I can give to him without me paying tax. If I also give him an allowance of R1500 per month for pocket money into his current account and this is obviously spent every month on necessities does this count towards the R100,000 allowance?

Do I need to submit tax return, back in 2013 if I earned well below the threshold?

  Written by Marc   Posted 23 June 2015

I've recently submitted my 2015 tax return with Tax Tim. After phoning SARS - they mentioned that my 2013 tax return was outstanding. I only worked for three months of that financial year and accrued an income of WELL BELOW the threshold. Do I need to submit this tax return? Will I get penalized?

What papers do I need if I worked abroad and want to submit my tax?

  Written by Marc   Posted 23 June 2015

What documents do I need to submit my tax return if I worked abroad

Total tax

  Written by Marc   Posted 23 June 2015

How much is my tax

Can my retirement annuity and charity contributions paid by my spouse be claimed by my spouse

  Written by Marc   Posted 23 June 2015

Unemployed for past financial year and spouse paid my retirement annuity contributions and donations . Can he claim my retirement annuity contributions and donations against my spouses tax

Can I submit invoices for building material?

  Written by Marc   Posted 23 June 2015

Can I submit invoices of building material I bought for renovation to my house?

Taxable income for taxi business?

  Written by Marc   Posted 23 June 2015

Is income generated by operating a taxi business taxable?

No tax income ductions, do I get tax return?

  Written by Marc   Posted 23 June 2015

I am not a income taxpayer but I want to know, do I get tax return money?

Late Dependent benefit on UIF

  Written by Marc   Posted 23 June 2015

Our brother passed away last year March and he had 2 children. We didnt knw that we could have claimed depengent benifit on his UIF. Can we still claim it? And can we appoint someone to claim it on our behalf.

I HAVE CLAIMS NOT RECOVERED FROM MY MEDICAL AID OF R23,733.00,WHAT IS THE EFFECT OF THIS ON MY TAX R

  Written by Marc   Posted 23 June 2015

I HAVE CLAIMS NOT RECOVERED FROM MY MEDICAL AID OF R23,733. 00, WHAT IS THE EFFECT OF THIS ON MY TAX RETURN

What numbers do Tax refernece numbers start with?

  Written by Marc   Posted 23 June 2015

Hi. What are the 1st qualifying digits on a Tax Reference number that separate it from all the other SARS numbers. Ie. What numbers do Tax reference numbers start with?
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