Parental support income

By Evan Robinson · Updated

Caregiver

Caregiver said:
22 July 2015 at 11:21

My father supports me financially by giving me a portion of his salary every month in exchange for me providing care for my elderly relative. Do I need to register or pay anything to SARS for this? The amount is below the annual income requirements and my father pays his own tax on his salary.
TaxTim Evan

TaxTim Evan said:
22 July 2015 at 16:53

No, you do not need to register or pay anything to SARS as the amount is below the annual tax threshold.