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Billy says: 20 July 2015 at 17:35 My step father, is a non-resident and non-SA citizen, who never adopted me but is married out of community of property to my mother, is offering me a substantial gift as a result of a recent sale of part of his inherited estate, let's say 500k ZAR. My understanding of the SA donations tax law is that my step father is not liable to pay any sort of donations tax, nor am I, because the donor (my step father) is not an SA resident. Is this correct? How would I declare this source of income on my tax return? |
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TaxTim says: 20 July 2015 at 20:24 That is correct, you would include this under the Amounts Not Considered Taxable Section of your tax return. Register for TaxTim and let us assist you in completing and submitting your tax return to SARS correctly. |
