Dave says: 21 May 2016 at 12:53 I am a south African working and living abroad. I would like to transfer some money to my retired parents. Will they pay tax on the money I transfer to them? |
TaxTim says: 23 May 2016 at 10:06 No, this would be viewed as a gift or donation and donations tax is not payable by recipients. Donations tax is payable by the donor however donations from a non-SA resident to a SA resident is not taxable if the funds are from a foreign source. Please read our blog on Donations Tax for further details. |