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Latest Posts in Tax Q&A

Change of jobs - how does this affect my tax?

  Written by Marc  

I changed jobs during the tax year. Will this affect my tax return submissions? I resigned from a permanent position where I was only taxed UIF and I temped at a place for 4 months where UIF and PAYE was deducted. My salary also increased at temp job.

Help with tax returns

  Written by Marc  

I used to work for a contracting company before and they where playing the middle man through out the 3 years, now I'm fully employed for a company but I need assistance when it comes to doing my tax returns please advice and help me out.

How does the primary residence exclusion work when there is joint ownership?

  Written by Marc  

When a house is owned jointly by two people and they sell it, how does the $1. 5 million primary residence exclusion work? Say the house is worth R3 million when they bought it and they sell it for R6 million -- then how much capital gains tax will they pay?

Calculate CGT in my company for tax purposes?

  Written by Marc  

My CC has purchased property prior to Oct 2001 for an amount of R150000. 00 , The CC is dormant and has never traded, I now want to sell the property for R 680 000. 00, what is my tax liability on the CC and what would be the best way to show this?

Help with tax calculation a and audit of my business

  Written by Marc  

Business account tax is what I need help with. I have approached two guyz already, the second one can't gain excess into the sARS account as the first person has not allowed him on the system. I am frustrated. Will you at least audit my books

Why tax should be done?

  Written by Marc  

I've just started my first official Job last month. What do I need to do to prep for my next tax return. How does it work and what is the benefits? Im CLUELESS

Are legal fees when you buy a house deductible?

  Written by Marc  

I bought a house and obviously had to pay lawyers fees (2 sets) to do the transfer, etc. Can I include this as a deduction in my tax return?

Back pays get taxed?

  Written by Marc  

Hi TT. I have been working for 3month. Month later they suspend. Me

With fully paid. And benefits. They didn't pay so I took them to
CCMA. I won the case. They agreed to pay me
My back pay of R4500. 00 instead of paying it
In they gave me R3300. 00 and say I got taxed is it
Possible?

Disability medical expenses for tax purposes?

  Written by Marc  

My daughter is disabled ( Cerebral Palsy ) What documents do I need to claim for her. Can I claim back for her special school ect.

How much percentage tax should I pay if i'm getting paid R141 000 pension fund money?

  Written by Marc  

How much tax should I be paying if i'm resigning and getting pension fund money of R141 000?

I want a tax number from SARS?

  Written by Marc  

Hi Tim my brother is looking for his tax number.

What is medical credit for tax purposes?

  Written by Marc  

What is medical credit and how does it work?

Can the once off back pay of R4500 be taxed?

  Written by Marc  

Can the once off back pay of R4500 be taxed? And how much?

Investing money at the bank and earning interest and the tax implications thereof?

  Written by Marc  

I want to set up an investment at the bank and earn interest on a monthly basis on it. I did some research and I found that I need to register for Provisional Tax at SARS in order to do this. I found out that 2-3 times per annum I would be required to make a payment to SARS on the interest I earn. My question is: Firstly, I would like to budget so I would like to know what percentage will SARS deduct monthly on my interest earned,and secondly,will they tax me monthly in this case or 2-3 times pe...



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Company car and car allowance in same tax year

  Written by Marc  

I had a company car for the 1st 4 months of this tax year, and moved over to a car allowance for the remainder. How would I need to complete my efiling tax return?
Secondly, how will this affect my return?

Claiming against fuel card even with Car Allowance?

  Written by Marc  

I receive a car allowance and use my own private vehicle. The compan however pays for my fuel n full via a fleet petrol card. This amount reflects on my payslip for tax deduction. Can I claim against this? If so how do I complete the return?

EMP501 manually on eFiling?

  Written by Marc  

How to submit EMP501's manually on eFiling.

If I leave behind money from a death policy what will the tax be if I leave it to my wife?

  Written by Marc  

If I leave behind money from a death policy what will the tax be if I leave it to my wife?

Employee vehicle leased to employer

  Written by Marc  

Can a company lease the "employee's personal vehicle" from the employee from Monday to Friday during the month and pay the employee a vehicle rental amount without attracting any fringe benefit tax?

Is this email from SARS or it is a scam

  Written by Marc  

I received an email at 12h51 this morning, the below email has a link and I am afraid to complete the information from the Link as they are asking me to confirm my banking details so that my money will appear in my bank account. I didn't apply for the tax return. Read the below email!


We have confirmed your returns and a tax epayment of R3,849. 35 made into yo= ur account. Check below for confirmation. Confirm transaction
Efiling returns 2015

Tax payment to SARS?

  Written by Marc  

I am employed by two companies and am paid R6000 from each one so I get a total of R12000 a month. My employers are now going to register me, with the salary each one pays me I will under the tax threshold, so they will not deduct any tax. Will I be liable to pay any tax?

Do I qualify for tax return if im ening R900.00 a week?

  Written by Marc  

Do I qualify for tax return if im ening R900. 00 a week?

Wear and tear possible on signage/advertising on my delivery truck

  Written by Marc  

If I capitalised signage/advertising onto one of my delivery trucks, would I be able to claim a wear and tear deduction for this?

University fees claimable for refund for tax purposes?

  Written by Marc  

Can I claim for claims relating to my daughters university fees

What is the benefit of a retirement annuity?

  Written by Marc  

What are the benefits of a retirement annuity in both the short term and the long term and would you recommend taking one out?
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