Does medical aid contributions qualify for the calculation of allowable RA deductions?

  Written by Marc   Posted 14 February 2014

In the cost-to-company pay structure the medical aid contribution does not fall under "pensionable income". Can the full medical aid contribution be included for the calculation of the optimal tax deductible RA contribution (15% of non-pensionable income)?

How fast are refunds paid out in 2014?

  Written by Marc   Posted 14 February 2014

How long will SARS take to pay out a rebate consisting of the 4 previous consecutive years, considering the payout has gone for a review?

Limit on medical expenses claimed by an older than 65 taxpayer?

  Written by Marc   Posted 12 February 2014

Is there a provision in the tax act which limits the amount of medical expenses (not medical aid contributions) that a taxpayer older than 65 may claim, to not more than 50% of their taxable income? I have been told this by a SARS employee in response to a query re a revised assessment disallowing some medical expenses.

Paying tax on Scholarship/Bursary funds?

  Written by Marc   Posted 12 February 2014

Thanks for the great advice thus far. Do university students have to pay tax on scholarship or bursary money if they are studying full time?

Should I as a casual have a tax number?

  Written by Marc   Posted 12 February 2014

I am currently working as a casual working at amazon spur, earning R13.81 per hour I am working 5 hours shift per day, we have been asked to provide tax numbers, I want to know where should we get tax numbers?

Would the tax free portion of a RA be re taxed in the current tax year?

  Written by Marc   Posted 12 February 2014

I am 55 years and still working, but cashed in 1/3 of my preservation fund and received the sum of app 478 k, 315 K of which was the tax free portion, so I paid 18 % tax on the balance of app 166K. How would this be calculated once this has been taken into the 2013/2014 tax year? Would the tax free portion be exempt from tax or will this amount be re-taxed?

How do I apply for a SARS tax reference number?

  Written by Marc   Posted 12 February 2014

How to apply for personal tax number at SARS what is needed from me and how long does it take or is it a same time service?

Employer doesn't deduct PAYE?

  Written by Marc   Posted 12 February 2014

The company I started working for doesn't deduct PAYE, it states on my contract that I will be responsible for paying taxes myself.

Need to register eFiling for my mom?

  Written by Marc   Posted 11 February 2014

How to go about registering for someone if you have power of attorney?

What methods of apportionment of home office expenses are acceptable to SARS?

  Written by Marc   Posted 11 February 2014

I am a 100% commission earning employee who runs all my business activities from my residence. I estimate my business share of home expenses as being higher than simply the size of my office as a percentage of the house floor space. Can I include more area, such as the kitchen (used for meals during office hours) and the dining room (used for meetings)? Is floor space the only apportionment method?

Are university fees exempt from tax?

  Written by Marc   Posted 10 February 2014

Can I deduct my child's university fees from tax payable?

Can remote workers claim the expense of a desk in a shared office (not a home office)

  Written by Marc   Posted 10 February 2014

I've been working remotely for a Johannesburg based company. I used to work from my actual home but started renting a desk at a shared office near my home instead. I was using this exclusively for work.

Can I claim this an expense on my tax?
I'm a full time employee of a company employed as a regular PAYE employee.

Retirement Annuity Topup

  Written by Marc   Posted 10 February 2014

I am a Pensioner in my seventies. Have a Retirement/Living Annuity ~ R 750 000 and want to top it up with R 500 000(for various reasons).

What is the Tax implication? From the R 500 000 contribution, what can I deduct in the current and future tax years?

Is CGT payable as the plot was bought with the intention to build a house?

  Written by Marc   Posted 10 February 2014

I bought a plot 20 years ago with the intention to build a house. Due to financial constraints I did not build nor purchase any other property. I have now sold the plot and purchased a house in much cheaper area

Am I liable for CGT on the sale of the plot?

RA contributions - tax benefits?

  Written by Marc   Posted 10 February 2014

I have a sole prop who earns R3m per annum. To reduce his PAYE I have suggested he takes out an RA.
What is the maximum he can contribute for Feb 2014 so as to maximise his tax position.

Does extra money given to me by my boss need to be taxed?

  Written by Marc   Posted 10 February 2014

I earn about R 5300, sometimes R 5400 and do pay PAYE tax. My boss gave me R 2500 extra in December as a thank you. Does that need to be taxed?

Medical tax credit apportionment for deceased taxpayer?

  Written by Marc   Posted 9 February 2014

When calculating the normal tax liability for a deceased taxpayer, should the medical tax credit be apportioned as the primary rebate would be apportioned?

Proportionate share of cgt

  Written by Marc   Posted 9 February 2014

How do I calculate Capital Gains Tax where 3 people own the property (35.5%, 35.5% and 29%) but only the latter 2 of them have primary residence?

Avoid annoyance of IRP6 submission?

  Written by Marc   Posted 9 February 2014

I am a pensioner and get a pension that is taxed plus RA payments and receive interest on investments that are below taxable.

How do I avoid filling in a IRP6?

Tax implications of investments?

  Written by Marc   Posted 9 February 2014

Is it a waste of time and resources to invest R200pm in Unit Trusts through an FNB account for someone earning R12k monthly?

Which property is my primary residence in SARS' eyes?

  Written by Marc   Posted 7 February 2014

I have just found a flat that I would like to buy (I already own one flat).

I was wondering how SARS determines what your primary residence is if you have two properties? Apparently if you sell your primary residence, you have a capital gains break of R1mil, but what's to stop you moving into your second property just before selling and claiming that it is your primary residence?

I have learned that I need to take tax into account with every decision!

How much of the inheritance should I allocate for personal income tax/estate duty?

  Written by Marc   Posted 7 February 2014

The lawyer who is finalising my uncle's will / estate said we would all be paid out by the end of Feb. There is no property or anything that is getting transferred only cash payments made to those of us in his will. What tax will I have to pay on it? Is there a limit/bracket/ceiling? and lastly even if we've got a lawyer dealing with it the estate, will the lawyer take care of the estate duty before paying out the beneficiaries?

Dubai/RSA tax question?

  Written by Marc   Posted 6 February 2014

I am a South African citizen and have been made an offer of employment by a Dubai-based consultancy. They will give me an employment contract to work in Dubai (among other offshore locations), they will sponsor me as a permanent resident in Dubai and will assist me in setting up a bank account for my salary to be paid into tax-free in Dubai. I will be away from south Africa for at least 183 days in each 365-day tax year.

Question: would I have to declare my earnings in my RSA tax retu...

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Do I pay tax on my SA salary if I am out of the country for most of the year?

  Written by Marc   Posted 5 February 2014

I am going to work for a Tanzanian company for the next 12 months, but will still earn my SA salary. Is it business as usual in terms of PAYE on my SA salary, or is there some sort of relief?

Commercial fisherman - tax situation?

  Written by Marc   Posted 5 February 2014

How would a self-employed commercial fisherman pay tax?
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