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Two people donate R100000 each to my account, is the R200000 I get taxable?

Posted 27 January 2016

Nhlakes said:
26 January 2016 at 1:31

If two people each donate a R100000 into my account, which will make the amount R200000 is it taxable?

TaxTim Marc TaxTim Marc said:
26 January 2016 at 7:27

No it will not, they person who donates the money is the one who would pay tax over the R100 000 donation.

Nhlakes said:
26 January 2016 at 22:21

Thanks tax Tim! 😉

TaxTim Marc TaxTim Marc said:
27 January 2016 at 8:11

Only a pleasure!

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