Paying tax on international cash gift.

By Marc Sevitz · Updated

Jeane

Jeane said:
27 November 2015 at 10:37

I'm an SA citizen who is currently based in New Zealand for a couple of years. I'm going to SA for a holiday and have sent money to one of my bank accounts to use as spending. The money has been sent electronically and my reason was a gift to myself. Will I be paying tax on this amount in SA?
TaxTim Marc

TaxTim Marc said:
27 November 2015 at 13:44

How long have you been living out of South Africa?
Jeane

Jeane said:
27 November 2015 at 18:50

from April this year
TaxTim Marc

TaxTim Marc said:
28 November 2015 at 0:15

Provided that money was no earned in SA or you have already paid tax on it then it will be ok to spend it in SA without paying more tax.