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Will I be taxed on gifts from my son in a foreign country?

Posted 22 December 2013

My son wants to give me 3 000 US dollars a month for the next 6 months as a gift. I am a house wife married with anti-nuptial contract. I don't earn anything and am not registered with SARS. If I receive this gift from my son will I be taxed on it?

TaxTim TaxTim says:
6 January 2014 at 9:23

No you will not, this is a gift for supporting you and as long as it does not become a lifetime event and is short term then it will not be taxable.

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