Tax Q&A

Can a minor's taxable income affect a parent's taxable income?

My son is a model and his only 5 years old I submitted his tax return I registered him with SARS E-Filing, however I did not load myself as his representative

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Additional income, and when do I register for Provisional tax?

If I do freelance work and get paid via Paypal what are the tax implications of withdrawing the funds into an FNB account, this would be a second source of in

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Pension fund tax for divorce settlement

What is the percentage tax paid on a pension fund in the event of a divorce? Please make use of our Lump sum calculator to see tax payable (use prior to

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Tax payable on retirement compared to resignation

Do u pay more tax if u resign from your work?or is it the same as with reaching pension date. The tax rates are much more favourable if you wait to retire

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Tax clearance certificate for emigration

I am joining my husband in the UK shortly and want to know if I will need a Tax Clearance certificate from SARS in order to leave the country on a one way ti

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Can you help me calculate the tax on my pension lump sum?

I'm getting a pension payment of R230 156 ,08 how much tax can I expect to pay? Please make use of our Lump sum calculator Very helpful Glad we

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Capital Gains Tax vs Donations Tax

Provide a reason why there will be no Capital Gains Tax consequences on the receipt of R50 000 as a donation be. Donations tax is payable by the donor an

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Donation or inheritance being the source of the funds

My daughter died suddenly and she left her annuities to me, her husband, daughter and son (four people), the insurance company made a mess up of the division

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Sequestration and Business Vehicles

If I have been declared insolvent, can I still make claims against the business use of a vehicle if not registered in my name? For example, I make use of a ve

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Severence package tax free amount

I have received a severance package in the 2012 tax year. Were the tax tables in existence then and would I have gotten the R 500 000 tax free amount already.

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Do I get taxed cancelling an Retirement Annuity when living abroad.

I have emigrated to the UK and want to cancel my retirement annuity fund because of it. As I now live overseas, will I still be taxed? Are you wanting to

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Documents needed for home office deductions

I have recently started a new job which is contracted as home based. What documents should I start collecting / saving to ensure that I am able to write off e

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Do you submit to SARS on clients behalf?

Do you provide a service, whereby you do the submissions on my behalf, like what my broker does? Tim is an online digital assistant who will assist you vi

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What tax will I pay on a second job?

I currently have a job and paying tax monthly to SARS. Now I am about to get another job which will pay R3000 am I required to pay tax on this second job? How

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International transfers and disability income taxed in the UK

I am living abroad and get a disability income from Discovery Life every month paid into my South African account. If I want to transfer the money over a UK b

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Non-Pensionable income

May you please advise what is a non-pensionable allowance and how does it work. This is the money paid to you, which does not get taken into account when w

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I pay rent monthly, can I claim a portion back from SARS?

If I am renting out a flat, can I claim a portion of what I pay back from SARS? Do you mean you are renting a flat for yourself to live? Yes, I do not o

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How do I get a tax number when I am expecting a varying income from offshore investments?

How do I apply for a tax number when I am expecting a varying monthly income by investments internationally? You just need to register for a tax number by

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Tax implications of UIF benefits

I retired at age 65 during the course of the 2016 tax year. I claimed UIF retirement benefits which I received monthly (part in 2016 tax year and part in 2017

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Tax on divorce settlement

I would just like to know if I will be taxed on my divorce settlement? You will only be taxed if the amount comes from any pension or retirement fund or i

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Tax on gambling winnings

Is lotto winnings taxable? No, lotto winnings are not taxable - you would need to declare within your tax return as "amounts not considered taxable".

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Is it allowable to claim coffee, tea and filtered water for business purposes in a private company?

To what extent can one deduct coffee, tea and filtered water for business purposes (operating as a private company)? I am fully aware that input tax cannot b

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Rental Income on room rented at Primary Residence

You speak about rental income earned on a second property, and expenses (interest, electricity, etc) that can be deducted from the income. Does the same apply

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Tax on rental income

I have a friend that wants some advise, she owns a business, her husband owns a business. They own property where tenants live. My question is, if they marrie

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Do we record the VAT inclusive amount in our books of accounts?

Do we record a Vat inclusive amount in the purchase account? e.g.. Purchased equipment for R108 300(inclusive of VAT) on credit, or do we just record the amou

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