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Foreign gift in the form of donations?

Posted 20 October 2015

Bill says:
20 October 2015 at 10:29

How much can I receive as a SA taxpayer receiving a gift from an overseas Foundation?

Amount is $100,000.

TaxTim TaxTim says:
20 October 2015 at 16:11

Donations tax is payable by the donor and not the recipient. However, there is no donations tax on donations from a non-SA resident to a SA resident. You would need to declare this gift though in your Tax Return as an "Amount not considered to be taxable" and it would not attract tax.

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