If I received a cash donation of below R50 000 from parents do I need to declare this for tax purpos

By Marc Sevitz · Updated

If I received a cash donation of below R50 000 from parents do I need to declare this for tax
TaxTim Marc

TaxTim Marc said:
11 July 2014 at 15:04

You should always declare the donations received, but you will not have to pay any tax on this.