Is the primary residence exclusion applicable if property was lived in and rented out?
Posted 6 January 2014
I have a property that I have recently sold. I lived in it for 7 years and then rented it out for 3.5 years subsequently. Now that it has been sold, do I qualify for primary residence exclusion on any portion of the capital gain? Is it pro-rata for the years that it was my primary residence, or how would I apportion it?
Registration for TaxTim?
Posted 5 January 2014
How can I register as a new user without using the Facebook option?
Leasehold improvement - how is this taxed?
Posted 30 December 2013
Our company has to make improvements to our offices that we lease. I know we should account for these as leasehold improvements and amortize it over the lease period, but will this amortization be a tax deductible expense? (will the accounting and tax treatment be the same?) The total improvement will be less than R7 000 can I rather treat this as a "small items" deduction?
Resident abroad aiming to cash out shares/ unit trusts, do I need to register with SARS ?
Posted 30 December 2013
I am a dual citizen (SA & European). I am currently living abroad on my European passport and never formally emigrated from SA. As a result I still hold a bank account there, as well as unit trusts & shares. I left SA shortly after studying so never had a job there/ paid income tax/ registered with SARS. Although I still visit the country on occasion, I am no longer a resident there. I would like to consolidate all my SA assets (have it all in one place) so I would like to "cash out...
Read more →
How much will I get being paid R6000,00 a week after paying tax?
Posted 27 December 2013
How much after taxed on R6000 for per week?
Confused about a tax audit?
Posted 26 December 2013
Hi Tim
I made a mistake on my tax return and included my employer contribution plus my own contribution to the company pension as well as my RA contribution under the RA section of the ITR12 as I was confused by the note that came up on screen saying the amount should also include the pension amounts appearing on the IRP5. I was uncertain but erred by putting down the full pension and RA contribution amounts.
However, I think this flagged me for an audit (never happened bef...
Read more →
Will I be taxed on gifts from my son in a foreign country?
Posted 22 December 2013
My son wants to give me 3 000 US dollars a month for the next 6 months as a gift. I am a house wife married with anti-nuptial contract. I don't earn anything and am not registered with SARS. If I receive this gift from my son will I be taxed on it?
Tax on Sale of Personal Website?
Posted 22 December 2013
I own a website that I started as a Hobby (showcasing information about various sports teams and tournaments). The novelty has since worn off and I now want to sell the website. I have never earned or attempted to earn revenue from the website. Would I have to pay tax on the sale price? If so, what type of tax would I have to pay? (I am currently below the age of 65 and unemployed).
The website was given to me as a gift quite a number of years ago. I have since purchased domain names ...
Read more →
Income & Expenses sent in my tax return and only income was acknowledged.
Posted 19 December 2013
What will happen with my 2010 tax return that SARS did not "allow" for my expenses, only my income and are now asking for a huge amount that I owe them?
SARS not reviewing third efilling correction, requesting documents for something I corrected.
Posted 19 December 2013
Great website
I submitted my tax return, via eFiling, and made two corrections (Re-filed) the one was a medical expense correction where I was a few rand off, and the second was depreciation of an iPad for business use (Calculated for 50 percent business and 50 percent personal) - On the initial return I depreciated the full amount (R2033) and on the third correction on my return I depreciated over three years (R190)
I submitted documents for review and audit, and today I received a SARS letter request to submit documents review for the R2033 amount. For some reason SARS is not picking up my third e-filling correction....
Read more →
What is tax rate for RI on 17,000.00 on early withdrawal?
Posted 18 December 2013
If I am taking out my pension as a cash out as of 4/1/14 and I am 39 years old what will the tax rate be on 17,000.00?
Where do I find link to 'Directives' on home page of website?
Posted 17 December 2013
Where do I find link to 'Directives' on home page of website?
'Services' does not include a sub heading 'Directives'.
I don't understand the SMS received: statement of account has been issued on SARS eFiling?? meaning?
Posted 15 December 2013
i received a sms : a statement of account has been issued on SARS eFiling? when can I get my money
URGENT - SARS sent me an email - what to do?
Posted 14 December 2013
I received a email from SARS eFiling that says "A payment has been made into your account from Sars-Efiling,it will take a period of 5 working days to reflect,during this process your account will be checked and verified" .How do I know it is not a scam, will you please help me to find out if it is true?
EMP 501 completion?
Posted 13 December 2013
how do I complete an EMP 501 , for paye reconcilation process and when should I submit it?
Is TaxTim compatible with Iphone 5
Posted 13 December 2013
Is Tax Tim logbook, compatible with Iphone5. Is there an Tax Tim app for iphone
How long does is take to get the money in the bank account after ITA34 sms?
Posted 12 December 2013
How long does is take to get the money in the bank account after ITA34 sms?
After getting the ITA34 sms does that guarantee you that you will get some money?
Posted 12 December 2013
After getting the ITA34 sms does that guarantee you that you will get some money?
Tax with bonus?
Posted 12 December 2013
If you earn R5500 a month and in December you get bonus of R5500 as well as your pay for that month. How do you work out how much tax you pay.
Am I viable for a tax return?
Posted 12 December 2013
Am I viable for a tax return and how do I find out if I am?
Deduction of tax and UIF?
Posted 12 December 2013
If I earn R25732.65 per month. How much will be deducted for PAYE and UIF?
2010 return that is being resolved is already being made payable?
Posted 11 December 2013
What should I do if SARS keeps sending me sms to pay for an 'audit' that is still being audited?
Tax payable as freelance worker?
Posted 11 December 2013
I work on commission basis as a freelance teacher and have no basic salary. What tax must I pay?
How to get a tax number ONLINE
Posted 10 December 2013
How do I get a tax number online as I am in urgent need of getting one?
Registration of tuckshop and which bank details to use?
Posted 10 December 2013
Me and my partner have a tuck shop we want to register our business he doesn't have a bank account but I do can we use my account for the business?
Older posts →← Newer posts
236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256
