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Tax on family gift money from overseas

Posted 28 September 2015

Leila says:
28 September 2015 at 12:20

Hi TaxTim
Thank you for offering this great service. My question is: If my sister who is an Australian resident wants to send me a gift of between R1.5 to R2 million to buy a house for myself here in South Africa, can she do so and how much tax must I pay? Also, is there an annual limit on gift amounts and should she rather send it across two tax years?

TaxTim TaxTim says:
28 September 2015 at 12:21

There are no limits of a foreigner sending money as a gift to a South African and no tax is attracted provided this money was not from South African sources for which no other tax was paid.

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