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Paying tax on money received as a gift

Posted 13 January 2016

Lesley says:
13 January 2016 at 13:29

My sister is sending me money from the uk to me here in SA. It works out about R72,000
Do I have to pay tax on this amount and, if so. how much?

TaxTim TaxTim says:
13 January 2016 at 17:11

No you will not have to pay tax on this amount, it will be seen as a gift.

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