Tax on family gift money from overseas
By Evan Robinson · Updated
Hi TaxTim
Thank you for offering this great service. My question is: If my sister who is an Australian resident wants to send me a gift of between R1.5 to R2 million to buy a house for myself here in South Africa, can she do so and how much tax must I pay? Also, is there an annual limit on gift amounts and should she rather send it across two tax years?
Thank you for offering this great service. My question is: If my sister who is an Australian resident wants to send me a gift of between R1.5 to R2 million to buy a house for myself here in South Africa, can she do so and how much tax must I pay? Also, is there an annual limit on gift amounts and should she rather send it across two tax years?
There are no limits of a foreigner sending money as a gift to a South African and no tax is attracted provided this money was not from South African sources for which no other tax was paid.