If I am a sole proprietor can I expense my monthly medical aid premium in full through the income statement? Unfortunately, this is not regarded by SARS as
Read moreWhat 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
Read moreSARS told me to register as a provisional tax payer and I have completed your form. However I inherited approximately R500, 000 and I don't see where to fill t
Read moreIf I donate R50 000 to each of my minor children (directly to their bank accounts) will R100 000 be tax deductible in my income tax return? No, unfortunately
Read moreI received an SMS from SARS which says something about an auto-assessment. When I login to eFiling I see there is an option to accept or edit it. Are there any
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 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 moreI 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
Read moreMy wife and I are directors of our company. We have not paid ourselves a salary as such, but took money against a loan account during the year. We are provisi
Read moreIf I pay school fees for a previously disadvantaged child - who isn't a family member - and the school isn't a registered PBO. Can I deduct the school fees as
Read moreI made a tax deductible donation in the previous tax year, but the amount was over the allowable 10% deduction limit (as reflected in my ITA34). Will the exce
Read moreIs it allowed for a grandparent, who's South African, to pay his South African grandchildren's school fees without it counting as a donation? If the amount
Read moreMy wife does some occasional freelance work for a company overseas. As well as here in South Africa. Her local freelance brings in about R3500 per month. She d
Read moreDo I have to declare income earned from a Tax Free Savings Account opened for my minor child on my tax return? I've contributed in my personal capacity to my
Read moreMy brothers wish to gift my children money. Which I will be using on daily expenses and school fees. Will I be liable for tax for these incomes? Or will my br
Read moreI gave my mother and sister R25000 each, can I deduct it as an expense against my income and how much donations tax should I pay on it? You cannot deduct t
Read moreif I donate my clothes, and I get paid for it, can I claim a tax deduction for the expense? You unfortunately can't claim a deduction for income earned so
Read moreMy husband is 61 years old and unemployed, I support him while I am full time employed. Is this contribution tax deductible? Unfortunately it is not tax de
Read moreIf I make money selling my book (I pay my normal tax on the income) and then want to give cash gifts of R50 000 each to 6 of my friends who need the financial
Read moreIn 2013 I made a donation of R5000 to a registered charity which I forgot to claim. Is it possible to claim it in my 2015/2016 tax return? No, you would ha
Read moreA) Can I claim a Donation deduction for the following:1. Son's university fees, paid on his behalf. 2. Monthly donation to my sister. 3. Monthly donation
Read moreI have been living with a woman as husband and wife for 17 years and see no point in getting officially married. With regard to tax rules such as: tax free gi
Read moreMy companion and I have been living together for many years however we are not married. He recently sold his house and the money was used in purchasing anothe
Read moreWhich receipts should I take a picture of? Or, which expenses should I note down in preparation for tax time? Are you self-employed or a salaried employee?
Read moreI have a member loan account of approx R1m rand. I wish to reduce this by R100k by transferring this money to my personal bank account. The members loan accou
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