Tax Q&A
Capital gains tax on inheritance and selling of fixed property.
If I inherited a holiday from my uncle who passed away in 2013, and I am selling the home in 2014, what will my personal tax implications be? The value of the h
Read moreTax for one who has been some unemployed, some working overseas?
Ok, so I was retrenched on March 27th 2013. I got a 2 month severance package. From 15th of April up to 30th August I was lucky to get consistent temp jobs. Th
Read moreWhat will tax on a bonus of R10 000 be?
What is the tax on a bonus of r 10000.00 It would depend on your monthly salary. What do you currently earn? R 11000 Your employer would at most deduct
Read moreTax difference on bonuses?
how does my tax work on my annual bonus. I earn R7500 p/m and pay R343.34 in tax why when I get a 13 cheques does my tax go up to R1693.33. Your bonus is tax
Read moreAre churches fully exempt from tax?
Are religious organisations such a church exempt from tax on all their receipts and accruals? You would need to register as an Non-Profit Organisation with S
Read moreDo I have to pay tax if I sell through ebay,Godaddy and Sedo.com?
I am University student. Now I want to sell domain names through ebay.,Godaddy and Sedo.com as an individual. My question is, do I have to pay tax,if so how am
Read moreHow much income tax do I pay on R7 000?
How much PAYE do you pay if your salary is R7000 per month? Please make use of our salary tax calculator to work out how much tax you will be paying.
Read moreSA resident working for a UK company earning a UK salary
I currently live and work in the UK and will be relocating to SA later this year. I will continue to work remotely from SA for the same UK company who's sole bus
Read moreFamily Loan - is it taxable?
I loaned my sister R50,000 and she is currently paying me back R2,000 per month at 5% interest per year. Do I need to declare any of this on my tax return? As
Read moreSA non-resident with rental property in SA what are the tax implications?
I used to live and work in SA but then moved to the UK 8 years ago. Since then I have and still am working full time in the UK for a UK employer paying UK PAYE
Read moreAm I a tax resident if I own property in south Africa even after having left in 2006?
I left South Africa in 2006 to work overseas and visited the SARS prior to leaving the country. I was told I do not need to do anything further regarding tax. I
Read moreDoes TaxTim also help provisional tax payers with IRP6 forms?
You mention that TaxTim completes an IRP12 form for you, but does it also help provisional tax payers with their IRP6 forms? We currently only complete ITR12
Read moreHow to claim tax deduction on frail care for Alzheimers patients
My mother in law is resident in a frail care facility because she suffers from Alzheimers and cannot look after herself. I have heard that there is a possibili
Read moreWhat is the depreciation limit?
What is the maximum amount you can write off against depreciation in general? Each item is different - How to calculate Wear and TearHowever for individual
Read moreWhen is the due date for ITR12 and ITR14?
When is the due date for ITR12 and ITR14? The ITR12 for an salaried employee was 22 November 2013 and for Provisional Taxpayers on the 31st January 2014. The
Read morePrimary rebate automatically deducted for freelancers?
I am a freelancer. If I eFile my return is the primary rebate automatically deducted from my income before the tax amount is calculated. Or do I have to deduct
Read moreSecond provisional tax calculation and supporting documents required?
How do we calculate second provisional tax and what documents are required? The second provisional tax is calculated in the same way as the first. Add up all
Read moreI am confused when IRP6 and IRT12 forms must be submitted?
My dad is considered a provisional taxpayer with SARS. I am confused as to when he must submit IRP6 and IRT12 forms? Read lour guide on What is Provisional
Read moreContract worker for two months - tax & UIF deductible?
I'm currently employed on a two month contract, should tax be deducted or not? How long do you work each day? A full day? 8 hours a day Yes, PAYE shou
Read moreCan PAYE tax be taken off my salary if I earn less than R54 000 for the year?
I have a 6 month internship and am being paid R9000 per month. For my first salary I only received R6918. As my contract is only for 6 months and its R54 000 fo
Read moreCan input VAT be claimed on assets used for staff entertainment?
If a business buys assets for staff entertainment : like coffee machines, pool table for the canteen, any furniture that can be used by the staff for staff ente
Read moreWEAR-AND-TEAR OR DEPRECIATION ALLOWANCE of INCOME TAX ACT NO. 58 OF 1962?
WEAR-AND-TEAR OR DEPRECIATION ALLOWANCE of INCOME TAX ACT NO. 58 OF 1962 is it still valid - can I use this list of depreciation in 2014 or has there been chang
Read moreUnder review by SARS?
I live with my Parents and have been running a very small business for about 6 years now, by small I mean very small less than R35 000 turnover per year. I have
Read moreIs "Basic employment cost" the same as "Gross salary"?
What is basic employment cost and is it synonymous with gross salary? It would depend on the employer and what they are offering, can you give me an example
Read moreIs a Disability benefit a form of income protection for tax purposes?
Some Life insurance policies have a life insurance and a disability benefit. Can the contributions to the disability portion of the policy be tax deductible?
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