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Money gifted from an International Source

Posted 20 March 2017

Harvey says:
18 March 2017 at 22:25

Can my mother, who lives in the UK, send my husband and I money, into his South African bank account- will we have to pay any tax on it in SA? It's one deposit of approximately 100,000.00 GB Pounds. And, the money is 100% UK bound income.

TaxTim TaxTim says:
20 March 2017 at 8:13

There won't be any tax on this, provided they aren't a South African tax resident and the money wasn't sourced from South Africa.

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