Provisional tax

By Alicia Human · Updated

Gerard

Gerard said:
21 July 2025 at 6:51

Please help file my provisional tax return
TaxTim Alicia

TaxTim Alicia said:
21 July 2025 at 13:02

Please refer to our Provisional Tax Guide .

Please log in, click your IRP6 tax return and work through all the questions which are asked. Please let us know if you get stuck on any particular question and we will assist you further.
Gerard

Gerard said:
21 July 2025 at 13:17

Thank you Nicci. Please note that Tax Tim is my registered representative. Will you file the return or must I complete it? Also I sold a jointly owned property in April 2025. When must this be declared for CGT? As a jointly owned property do I include 50% on my return and 50% on my wife's return - she was auto assessed and issued a nil return. Thank you. Gerard
TaxTim Alicia

TaxTim Alicia said:
22 July 2025 at 10:17

You need to complete it by answering all the questions and then submit it to us for filing. You can just follow all the onscreen prompts which should guide you through the process.
If you are a provisional taxpayer, then capital gains tax on the property would be due end of August 2025 (i.e your P01, IRP6 for 2026). You would be taxed on half of the gain and your wife on the other half. You would need to work out your taxable portion and include in your estimate of taxable income in your IRP6 which you file in August.
You would still need to include the capital gain in your ITR12 (annual tax return) for 2026. There is a question which asks if you owned the property jointly.

If your wife is not a provisional taxpayer, she wouldn't be filing a IRP6. She would need to include the capital gain in her ITR12 (annual tax return) for 2026 which is due only next year.
Gerard

Gerard said:
23 July 2025 at 7:48

Dear Nicci. Good morning. I've also just received communication from TaxTim to complete my 2025 ITR12. Would it be better to complete this before I complete my P01 for 2026?
TaxTim Alicia

TaxTim Alicia said:
28 July 2025 at 10:34

Yes, please file the 2025 annual income tax return first and then the provisional tax return, to have a better guidance on your taxable income.
Gerard

Gerard said:
30 July 2025 at 10:23

Good morning.
Please kindly advise the deadline for P01 2026? Also where do I insert the sale of a joint property in April 2025 for CGT on P01? If I complete the P01 now during July prior to the deadline and I enter the full year estimated income and deductions will SARS include the tax I have paid in July and August on my pension and Old Mutual gratuity in my assessment as this would not have been known yet?
Thank you
Gerard
TaxTim Alicia

TaxTim Alicia said:
4 August 2025 at 8:40

The 202601 provisional tax return is due by 29 August 2025.
You can use our Capital Gains Tax Calculator to calculate the amount you should include and enter it under the capital gains question on your provisional tax return.
If you have not received the lump sums and don't know the total amount or tax due on it yet, please don't include it on the P1 tax return as this will only inflate your income and tax due too.
Gerard

Gerard said:
4 August 2025 at 10:53

Thank you Alicia. As the property was my Primary Residence the calculator reflects zero tax payable. Do I enter zero or leave it blank as I did sell the property.

Best wishes

Gerard
TaxTim Alicia

TaxTim Alicia said:
7 August 2025 at 8:49

You can leave it blank, then enter the details of the sale on your annual income tax return for 2026.