Do I need to pay tax on monetary gift amounts that I have received?

By Nicci Courtney-Clarke · Updated

Mary

Mary said:
11 January 2016 at 2:00

If I receive a monetary amount as a gift e.g.
A birthday gift, do I need to declare it and is it taxable?
I'm not referring to R500 - more like R5000.
TaxTim Nicci

TaxTim Nicci said:
11 January 2016 at 9:08

No this is not taxable nor do you need to declare it.