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I am married in community of property, how will I be taxed on an investment?

Posted 3 June 2016

Sam says:
2 June 2016 at 20:38

How will I be taxed as I am now retired an have invested the money and draw monthly interest we are married COP monthly 13k

TaxTim TaxTim says:
3 June 2016 at 15:23

You would be taxed on your share of the interest being R6 500. The first annual amount of R34 500 is tax free if you are over the age of 65 and thereafter a further amount will be tax free. Please make use of our Tax refund calculator

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