A family member is paying money into my account (a fixed amount) over a few months to help me pay back a debt.It is a gift from them to help.Do I have to pay tax on this .I am unemployed and do not submit returns.
TaxTim Marc said: 26 October 2014 at 23:22
No you do not, if they are giving you more than R100 000 then they would have to pay tax on the amount over R100 000 at 20%.
