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dividends

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Missed primary residence exemption; paid CGT; can Section 93 correct after 3 years?

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

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Provisional tax

Please 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

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Is the income declared on my IRP6 supposed to show on my ITR12?

I am filing my ITR12 for the 2024 tax year and my form is only showing income derived from Investments. I am a provisional tax payer and I've submitted my IRP6

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I live abroad and earn rental income in SA. is this submitted normally?

I 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

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CGT on sale of jointly owned primary residence

How 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

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Tax treatment of a director's loan

What are the tax implication if I loan money to my company to buy a vehicle? We have a loan agreement in which the company will repay the loan to me in instal

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How to claim a home office deduction if I didn't receive an IRP5?

I worked for an international company (UK based) during the 2024 tax year. I was a contracted employee, meaning I had to submit salary invoices. Therefore, I

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How would SARS tax you if you win the Powerball?

If 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

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How do I obtain my ITA34 documents?

I have lived abroad for six years and have not paid my taxes in South Africa. I have now returned and am living in South Africa. I need to obtain my ITA34 docum

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Claiming 12B tax deduction on IRP6?

I made a contribution towards a solar investment fund. My question does not relate to a rebate for my home installation. I have contributed to a large fund tha

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How are foreign dividends from an unlisted company treated?

Are dividends from foreign shares (not listed on any exchange) bought privately from a foreign business tax exempt? If not, how would the dividend paid b

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My seafarer exemption was rejected. What do I do now?

I received a SARS assessment after submitting my tax return via TaxTim. During the submission, there was no payment to SARS expected. However I then received a

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Overseas income

I have been working overseas and will be doing so for the whole of 2022 tax year making me provisional:a. What average exchange rate will I use?b. When is the

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I received an auto assessment sms from SARS

SARS has sent me an SMS saying they have calculated my assessment tax and I can accept or edit this. I have done an early tax return with TaxTim and I'm not su

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Living, working and paying tax abroad

I have been living and working abroad in Australia for Australian companies since 2017. All the while I have been paying income tax, social security tax etc. i

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Transfers from spouse & car sales

I 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

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Are Share Options taxed on date of them vesting (eligible but not exercised) or only when exercised?

I 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

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Severance pay and tax exemption

My severance pay was taxed normal tax after I got retrenched even though my employer informed me that they applied for a tax exemption. Is this correct because

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Deceased Relative and Savings

I have a relative that has unfortunately passed on and I am the dependent that will receive all the savings from this relative- these savings are coming from

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Divorce payout of approximately R850,000.00. How much would SARS tax?

My husband needs to pay me R850 000 maintenance as part of our divorce settlement, seeing as he does not have the funds all at once so he will be paying it to

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What happens once I've submitted my tax return form?

One 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?

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Shareholder Loan and own company

I have a loan with my company (payable from the company). I would like to know what the effects are that we need to consider regarding interest-free loans? I

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Do I pay tax on profits from Forex trading?

Q: 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

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How do I account for online Forex Trading in my income tax return?

A little background on myself. I am a salaried employee of the department of health in South Africa. I am registered with eFiling and have been submitting tax r

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Is VAT on commission subjected to income tax?

If an individual who is a registered as VAT vendor acts as an Agent and earns commission ad obviously charges output tax and declares it to SARS. I.e. Someone

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