If you donate R100 000 to your spouse, does she need to declare it as income and pay normal income t
By Marc Sevitz · Updated
If you donate R100 000 to your spouse, does she need to declare it as income and pay normal income tax on it?If yes;If your spouse is in a lower tax bracket than you, would you donate money to him / her annually? Then the spouse will be taxed on the donation at lower rate than what you would be taxed at?
TaxTim Marc said: 30 September 2014 at 20:55
Donations between spouses are tax free, so you do not need to declare anything.
