Money gifted from an International Source

By Nicci Courtney-Clarke · Updated

Harvey

Harvey said:
18 March 2017 at 22:25

Can my mother, who lives in the UK, send my husband and I money, into his South African bank account- will we have to pay any tax on it in SA? It's one deposit of approximately 100,000.00 GB Pounds. And, the money is 100% UK bound income.
TaxTim Nicci

TaxTim Nicci said:
20 March 2017 at 8:13

There won't be any tax on this, provided they aren't a South African tax resident and the money wasn't sourced from South Africa.