Pieter asked: I sold a property in 2020 which initially was my primary residence and later rented out. On my 2021 ITR12, I declared the sale but failed to indic
Read morePlease help file my provisional tax return Please refer to our Provisional Tax Guide . Please log in, click your IRP6 tax return and work through all the
Read moreGood daySARS is requesting documents that I have already sent to them, the only piece of information I havent supplied is the ID document and verified bank st
Read moreI worked abroad and want to file my tax return? I have worked abroad for the full year and fall under all points that my salary wouldn't be taxed in SA. I sti
Read moreHow is the capital gain on the sale of a primary residence split between owners? Where do I specify there are two owners? Your system does not allow me to en
Read moreIf I win the Powerball and decide to put all my winnings into a savings account and live off the interest, will I have to pay tax on my interest earned only, o
Read moreI have 2 questionsQuestion 1: My wife sometimes transfers some money into my account to pay a certain bill. The amounts total less than R100,000, it is never a
Read moreI have the option to participate in an employee share option scheme, but I'm a little unclear on the tax implications. I high-level view is as follows:Options
Read moreMy wife and I got married last year on the 26th of March 2018. We got married in community of property, so when it comes to tax what I would like to understan
Read moreI bought a used bakkie from a friend at his book value and sold it soon after at a good profit. Will it be taxed under capital gain? Do you usually buy and se
Read moreOne of the questions most asked when it comes to tax season, is “what happens now that I’ve submitted my income tax return, when do I get my refund?
Read moreQ: How do I pay Tax on Forex Trading? I am a South African resident. I am a full-time forex trader (almost a year now). I trade via a broker overseas, I deposi
Read moreI sold my property, which is my primary residence, for R9 million. The initial purchase price was R7 million and I spent R1 million on improvements - the total
Read moreI've received 1000 share options that vest over 4 years at 25% per year. After the initial vesting on 1 Jan 2022 I have the right to exercise the options, it's
Read moreI had rental income in the 2019 tax year, I converted part of my house into a 1 bedroom apartment as well as converting my old garage into another, so I curre
Read moreI received a once-off payment for shares in November 2018. I then opted to pay tax on the shares before the payments was made to me. Therefore the tax was alr
Read moreIs it correct that for private individuals Capital Gains Tax (CGT) is levied on net gain and of that, 40% is taken into account and that amount is added to in
Read moreI previously received an opportunity to invest in shares through my company. I invested a portion of my income every month and every six months shares were pu
Read moreAre the earnings from Bitcoin taxable? SARS have issued guidance stating bitcoin is to be treated as a normal share trade. So, if you're trading it for rev
Read moreI had MTN Zakhele shares which reach maturity and were paid out in December 2016. Do I include the amount that was paid into my bank account or the difference
Read morePlease assist on the below as I cannot find additionalinformation within the current questions on your blog:While not a monthly expense - it is mentioned that
Read moreI sold property in March 2017 and it's an income earning property. Do I need to prepare a provisional tax return in August? Will I just include profits on the
Read moreIn respect of a second property that one rents out, starting off, can one deduct the following for personal income tax:(1) Bond transfer fees and registration
Read moreWhat's the difference between capital gains tax and income tax? Which of the two does retail forex trading fall under? Forex Trading for the purposes of ma
Read moreI bought a house in December 2013. In November 2015, I bought a second house and it was registered in my name, February 2017. The intention was to let out the
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