J says: 18 September 2015 at 14:21 If I donate R90 000 to my wife and R10 000 to my nephew, I have to submit and IT144 form. Is this in any way tax deductible, and what are the tax implications & responsibility to SARS on myself, my wife (say she earns R260k p/a) and nephew (under 18)? |
TaxTim says: 20 September 2015 at 15:49 These are not tax deductible, but the donation to your wife is tax free as donations between spouses do not attract tax. You do not need to complete the IT144 as the remaining R10 000 is under the donations threshold for attracting tax. |