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rental-income

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Missed primary residence exemption; paid CGT; can Section 93 correct after 3 years?

Pieter asked: I sold a property in 2020 which initially was my primary residence and later rented out. On my 2021 ITR12, I declared the sale but failed to indic

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Provisional tax

Please help file my provisional tax return Please refer to our Provisional Tax Guide . Please log in, click your IRP6 tax return and work through all the

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Supporting Documents

Good daySARS is requesting documents that I have already sent to them, the only piece of information I havent supplied is the ID document and verified bank st

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Is the income declared on my IRP6 supposed to show on my ITR12?

I am filing my ITR12 for the 2024 tax year and my form is only showing income derived from Investments. I am a provisional tax payer and I've submitted my IRP6

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I live abroad and earn rental income in SA. is this submitted normally?

I worked abroad and want to file my tax return? I have worked abroad for the full year and fall under all points that my salary wouldn't be taxed in SA. I sti

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CGT on sale of jointly owned primary residence

How is the capital gain on the sale of a primary residence split between owners? Where do I specify there are two owners? Your system does not allow me to en

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Can I claim expenses when rental property is vacant

My rental property was not occupied for a period of 2 months (October and November), while I was trying to find a new tenant. Can I claim expenses (interest,

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Does inheritance have to be completed in IRP6?

SARS told me to register as a provisional tax payer and I have completed your form. However I inherited approximately R500, 000 and I don't see where to fill t

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Vacation Home - What do I submit/declare in my Personal Tax Return?

I bought a house December 2023, which are rented out as a vacation home. This is my first house that I bought and do not know what I need to submit/declare in

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Depreciation on furniture bought for rental property

I bought furniture for R 172 000 back in 2018 for my rental property. This was bought through the developer as part of a rental pool offering. Rental pool con

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Is rental expense a tax deductible expense for Airbnb subletting?

I know that the interest on a bond is tax deductible in the case of an Airbnb. I was wondering if the rental of a property is also tax deductible if you use the

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How would SARS tax you if you win the Powerball?

If I win the Powerball and decide to put all my winnings into a savings account and live off the interest, will I have to pay tax on my interest earned only, o

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How do I obtain my ITA34 documents?

I have lived abroad for six years and have not paid my taxes in South Africa. I have now returned and am living in South Africa. I need to obtain my ITA34 docum

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Claiming 12B tax deduction on IRP6?

I made a contribution towards a solar investment fund. My question does not relate to a rebate for my home installation. I have contributed to a large fund tha

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Tax Certificate Needed

I am newly registered business owner and I registered just before the lockdown took place and I did not receive my tax certificate. I do have my registration n

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What must I do with the auto-assessment from SARS?

I received an SMS from SARS which says something about an auto-assessment. When I login to eFiling I see there is an option to accept or edit it. Are there any

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Married in Community of Property

My wife and I got married last year on the 26th of March 2018. We got married in community of property, so when it comes to tax what I would like to understan

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Deceased Relative and Savings

I have a relative that has unfortunately passed on and I am the dependent that will receive all the savings from this relative- these savings are coming from

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What happens once I've submitted my tax return form?

One of the questions most asked when it comes to tax season, is “what happens now that I’ve submitted my income tax return, when do I get my refund?

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Shareholder Loan and own company

I have a loan with my company (payable from the company). I would like to know what the effects are that we need to consider regarding interest-free loans? I

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How do I account for online Forex Trading in my income tax return?

A little background on myself. I am a salaried employee of the department of health in South Africa. I am registered with eFiling and have been submitting tax r

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How to calculate provident fund deductions for 2016/2017?

Please can you show an example of how the employer and employee's provident fund will affect the monthly tax 2021/2022. I still do salaries manually. For exam

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VAT on interest

I have a business that collects debt on behalf of other service providers, we eventually charge interest if the payments are overdue longer than 3 months. Are

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How to fill in the CRA01 form

I live with my brother at his house, on the CRA01 form where does he fill in and where do I fill in? He will complete the third and fourth sections asking fo

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Tax on Forex Trading

Q: How do I go about paying tax on forex income? I will soon be receiving additional income of about R30000.00pm from a forex investor who is trading on my be

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