FAQ Blog Calculators Students Logbook Contact
Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


A donation of R100 000 to children will it reduce your tax or what is the benefits of doing it?

Posted 26 February 2014

If you declare a R100 000 donation to your children will it help reducing you tax or what benefits is there in doing it?

TaxTim Marc TaxTim Marc said:
26 February 2014 at 13:40

No, it will not help in anyway other than possible estate planning so that when you pass on your estate is smaller and therefore less Estate Duties will be payable.

Other than that, it is nice thing to do for your kids!

This entry was posted in Tax Q&A and tagged , . Bookmark the permalink.





Submit your tax return right here!
Get started

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund
Answer simple questions about your incomes and expenses. TaxTim does the rest. Just click click, submit.

Make tax easy

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.