If you declare before 28 February that you donate R100 000 to your children what impact will it have

By Marc Sevitz · Updated

If you declare before 28 February that you donate R100 000 to your children what impact will it have on your individual tax?
TaxTim Marc

TaxTim Marc said:
25 February 2014 at 22:07

No, donations below R100 000 in total per tax year are tax free.