Gift of GBP

Please would you let me know what the tax implications are for receiving a gift of GBP4000 into my RSA bank account. Thanks very much.

Donations tax is payable by the donor at 20% on donations in excess of R100,000 pa made within South Africa. However, there is no donations tax on money donated from an offshore donor (provided it was earned offshore) to a South African resident. You must declare it though in your Tax Return as "amounts not considered taxable" but it won't attract tax.