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Transfer a tuck shop in my name

Posted 2 February 2017

Anthea said:
1 February 2017 at 11:36

I am buying a tuck shop but need to know how I can register it in my name, its a sole proprietor.

TaxTim Alicia TaxTim Alicia said:
2 February 2017 at 12:44

You don't need to register it in your own name. You would simply record the business income and expenses in your own tax return within the business section.
If you earning above the tax threshold. you would need to register as a Provisional Taxpayer.

Register for TaxTim and let us assist you to complete and submit your tax return to SARS.

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