Medical Aid Deductions
Posted 27 November 2015
Can contributions to a hospital plan be deducted?
Sole proprietor of a carwash claim the whole amount paid for electricity, water & rent.
Posted 27 November 2015
Can a sole proprietor of a car wash claim the whole amount paid for electricity, water & rent.
What does physical impairment include interms of expenses I can claim?
Posted 27 November 2015
What does physical impairment include in terms of expenses I can claim?
If you earn comm but its not 50.1% more than their total salary,can they still claim for cell+travel
Posted 27 November 2015
If someone made commission for the year but its not 50. 1% more than their total salary, are they still allowed to claim for cell phone and travel exp?
How can I claim house hold expenses portion if allowed to work from home?
Posted 27 November 2015
In reference to claiming house hold expenses as my employment contracted stated I could work from home as well if needed. I do not have an ITR12 form, only an IRP5/IT3(a) form. If I do not have an ITR12 form, does this mean I cannot claim this?
Can I claim from my monthly supplement expenses, or only actual medicinal expenses?
Posted 27 November 2015
Can monthly supplement expenses be included in the "medical expenses" I spend monthly as my medical aid is only a hospital plan.
Can I claim bank fees if I'm a sole proprietor?
Posted 27 November 2015
Can I claim bank fees if I'm a sole proprietor?
To calculate home/office expenses must this calculation be done for every month of whole year?
Posted 27 November 2015
The formula that you use to calculate home/office expenses must this calculation be done for every month of whole year?
Deductions against code 3616
Posted 27 November 2015
I have 7 IRP5's
2 of them are salaries from different companies code 3601 value R229400
2 are as an independent contractor code 3616 value R514321
From the salaried income I had 1 month with a travel allowance. I currently have computer hardware, travel expenses, a vehicle and it services expenses that I van to deduct against the code 3616 income. I want to know where do I fill in in on the form to deduct expenses I incurred to generate the income earned on code 3616?
How do ...
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Do two owners need to split rental expenses and income in a tax return?
Posted 27 November 2015
My wife and I share a rental property and split costs equally. Are we meant to split these on our tax returns or should we populate only what we each pay from our specific bank accounts? Rental income comes into my bank account and the interest expense comes off it as well.
When can I expect the money in my account?
Posted 27 November 2015
I've submitted my tax refund on the 19th Nov and on the 23rd I went back to SARS to fix my banking details. How much time it takes for me to get the money?
Provisional Tax Payer and not a Individual
Posted 27 November 2015
I'm about to do my first tax return, I'm registered as Individual tax payer but have been doing freelance work on an invoice basis. I did not realise that in this case I would need to be registered as a provisional tax payer instead. Am I correct in saying that I should be registered as a provisional tax payer?
How do I proceed from here?
- I should have done two IRP6's and made payments. - Then I should also do a ITR12, which is then only due in January 2016
What do I do regarding the outstanding IRP6's?...
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I want to declare a new income source.
Posted 27 November 2015
I want to declare income this year for the first time. Network marketing income. I already earned it in previous tax years but did not declare it. Will this be a problem?
Rebate on travel allowance
Posted 27 November 2015
How can I calculate what to expect on tax return rebate for travel allowance?
Can a director claim cell phone exp if there's no comm on IRP5?
Posted 27 November 2015
If you are a director of a company but you didn't earn commission on your IRP5, can you claim for cell phone expenses?
How do I varify banking details for a refund if I no longer live in SA
Posted 27 November 2015
SARS has requested me to varify my banking details for a tax refund, I no longer live in SA and do not have a local address. Is there some other way I can do this, I still have an bank account in SA and I am still a citizen.
UIF benefits, where to capture?
Posted 27 November 2015
Morning Tax Tim,
In 2014 I claimed UIF benefits. Where do I capture this on the ITR12?
Tax on interest only, no other income
Posted 26 November 2015
I am a non working wife, married out of community of property. I am not working
I am 55 years old
I have just received R2 000 000. 00 and have invested it in the bank
I receive monthly interest of R10 000 per month, this is my only income. Must I register to pay tax?
What will the monthly tax amount be?
Can wear and tear allowances be claimed on tents used for entertainments purposes?
Posted 26 November 2015
A company bought tents for cover for their rooftop garden, which is used for entertainment purposes. Can wear and tear allowances be claimed thereon and what type of asset would it be classified as per Interpretation Note 47?
Claiming a living out allowance
Posted 26 November 2015
I do consulting work from time to time which means that I am away from home for several months at a time. With my past contracts the employment agency has arranged that I receive part of my package as a subsistence allowance which is non taxable. The present agency, however, will only give me a housing allowance instead of a subsistence allowance. I believe a housing allowance is taxable. Is there some other way I can claim my living out expenses from SARS?
Can I still claim tax on this
Posted 26 November 2015
I worked in the film industry and paid tax a while ago but never claimed any tax?
Not submitted returns since 2013
Posted 26 November 2015
I lost my job in August 2013 and I did not submit my tax returns. Can I still submit or are there any penalties imposed or is not necessary?
How do I get a Tax recalculation?
Posted 26 November 2015
I erroneously declared company Travelling in my 2015 tax returns, when I have Travelling allowance. How do I rectify this?
Sole proprietor can you claim startup cost and amount paid for business
Posted 26 November 2015
If you've bought a new business and you are a sole proprietor where can one complete the amount paid for the business?
I am due a refund but I don't have a 2012 tax return as I was studying full time.
Posted 26 November 2015
Hi there. I'm due a refund from SARS but it might be withheld as I did not submit a return in 2012. I wasn't working in 2012 as I was studying full time. Please advise what I need to do in order to ensure all my tax returns are up to date? Thanks
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