Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


P2p interest



Lloyd says:
18 July 2017 at 16:13

I earned interest on a Peer 2 Peer investment in the UK, at https://www. Ratesetter. Com/. As this is a non-SA entity they do not provide IT3(b) statements. It is also not a bank/ institution but independent loans. As such, I am not clear if or were to add this amount in TaxTim. I did get a statement with the amount received of 110. 25GBP. Do I enter this amount at the point of "Did you earn any interest from a foreign bank / institution? On your IT3(b) you will see an amount under foreign interest. " ?

This query relates to question 6488 "Did you earn any interest from a foreign bank / institution? On your IT3(b) you will see an amount under foreign interest. " in the Interest & Investments (IT3b) section.

TaxTim TaxTim says:
19 July 2017 at 7:37

Yes kindly capture this amount at the foreign interest section even if you did not receive it from a bank.

This entry was posted in Tax Q&A and tagged , , , . Bookmark the permalink.




Submit your tax return right here!

TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

Get started

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.