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Technical & tax law questions
21 November 2014   (0 Comments - view/add)
R1.8 million capital gain exclusion for the disposal of small business assets by a person over 55 »
Author: SAIT Technical R1.8 million capital gain exclusion for the disposal of small business assets by a person over...
21 November 2014   (0 Comments - view/add)
Is there a tax disclosure obligation in RSA for a non-resident earning income »
Author: SAIT Technical   Is there a tax disclosure obligation in RSA for a non-resident earning income from RSA co...
21 November 2014   (0 Comments - view/add)
Whether dividends withholdings tax is payable on a CC’s purchase of a member’s interest »
Author: SAIT Technical Q: A close corporation (CC) has two members. The one member is going to resign his membershi...
21 November 2014   (0 Comments - view/add)
Whether construction carried out by a vendor for a PBO will be subject to VAT »
Author: SAIT Technical Q: I need to determine whether or not a client of mine who carried out a road construction fo...
21 November 2014   (0 Comments - view/add)
Response date for the verification of the IT14SD: business or calendar days? »
Author: SAIT Technical Q: For the purposes of a 'Verification of Income Tax Return' (the IT14SD), the compliance/res...
21 November 2014   (0 Comments - view/add)
Brief explanation of the new tax-free savings account regime »
Author: SAIT Technical Q: It is not clear to me how the proposed Tax-Free savings account will work. Every article t...
21 November 2014   (0 Comments - view/add)
Government grants received by a school: capital or revenue nature? »
Author: SAIT Technical Q: Do the government subsidies received by a private school owned by a close corporation fall...
21 November 2014   (1 Comment - view/add)
Capital gains tax on a ‘second hand’ endowment policy »
Author: SAIT Technical Q: My client is a pensioner who made an investment switch from a "second hand” endowment polic...
17 November 2014   (0 Comments - view/add)
Medical rebate for non-residents »
Author: SAIT Technical Q: I have a client that received a pension in RSA but is now a permanent resident in Austral...
17 November 2014   (0 Comments - view/add)
Preservation order in terms of sec 163 of the TAA »
Author: SAIT Technical Q: I assisted a client with its vat returns from 2009 to date. SARS has now selected certain...
17 November 2014   (0 Comments - view/add)
Declaring a subsistence allowance for foreign travel »
Author: SAIT Technical Q: What can I claim under code 3715 and 4019?  How do I calculate the claim? A: The co...
17 November 2014   (0 Comments - view/add)
Input tax on bank charges »
Author: SAIT Technical Q: Could you claim VAT on bank charges even if you don't receive a VAT compliant tax invoice f...
14 November 2014   (0 Comments - view/add)
Monthly incremental PAYE deductions on anticipated year-end bonuses »
Author: SAIT Technical Q: We have a situation where the client is deducting tax on bonus from the staff during the y...
14 November 2014   (0 Comments - view/add)
Zero-rating of the supply of services to a non-resident – section 11(2)(l) »
Author: SAIT Technical Q: We have a client that is a foreign entity and is not in the business of making VAT-able su...
13 November 2014   (0 Comments - view/add)
The donations tax exemption: using it to deduct non-section 18A approved donations »
Author: SAIT Technical Q: I have a query regarding the S56(2)(a) donations exemption. My interpretation of this secti...
13 November 2014   (0 Comments - view/add)
Taxability of lumps sums from the Road Accident Fund »
Author: SAIT Techncial Q: Our client received a lump sum from the Road Accident Fund. The lump sum was paid in to th...
13 November 2014   (0 Comments - view/add)
Deductibility of expenses incurred by a sole trader for training purposes »
Author: SAIT Technical Q: If an individual farmer attends an international expo to learn new methods of farming, are...
13 November 2014   (0 Comments - view/add)
Directors of tax services firm not registered tax practitioners, but junior employee is registered »
Author: SAIT Technical Q: I have heard of instances where the directors of a firm offering tax services are not regi...
13 November 2014   (0 Comments - view/add)
Is a tax practitioner compelled to inform SARS of tax evasion by a client? »
Author: SAIT Technical Q: A client sold his business as a going concern from his close corporation (CC), causing a c...
11 November 2014   (0 Comments - view/add)
Deducting management fees from interest income »
Author: SAIT Technical Q: I have an IT3(b) reflecting interest income from a number of bank accounts, as well as "man...
11 November 2014   (1 Comment - view/add)
Input VAT on accommodation, car rental and flights »
Author: SAIT Technical Q: Can you claim VAT on accommodation, car rental and flights? My view is no on the car rental...
10 November 2014   (0 Comments - view/add)
Is ‘dance’ considered a sport for the purpose of the ‘personal service’ definition in section 12E? »
Author: SAIT Technical Q: My client has a dance school. Would she qualify as a small business corporation in terms of...
10 November 2014   (0 Comments - view/add)
Is it required to submit a logbook as proof of deprecation for a motor vehicle »
Author: SAIT Technical Is it required to submit a logbook as proof of deprecation for a motor vehicle used for busines...
10 November 2014   (0 Comments - view/add)
Interest-free loan to a shareholder: possible deemed dividend »
Author: SAIT Technical Q: I have a question regarding a deemed dividend. A company’s balance sheet reflects a debit...
10 November 2014   (0 Comments - view/add)
Claiming for the section 12H learnership allowance »
Author: SAIT Technical Q: I am running an accounting and tax practice and I employ youth fresh from universities and...
10 November 2014   (0 Comments - view/add)
Income tax code for section 18 medical deduction where contributions are made for an old couple »
Author: SAIT Technical Q: I have a client who pays the medical aid contribution for an old couple. Please advise the...
10 November 2014   (0 Comments - view/add)
Property purchased: is transfer duty or input VAT claimable by a vendor? »
Author: SAIT Technical Q: I have purchased a property from a non-VAT vendor and I have paid transfer duty. As a regis...
06 November 2014   (0 Comments - view/add)
VAT on the supply of labour »
Author: SAIT Technical Q: Client A supplies labour to client B (similar to labour broking). A deducts PAYE and UIF f...
06 November 2014   (0 Comments - view/add)
Is income earned by a consultant working for the World Bank tax-free? »
Author: SAIT Technical Q: A consultant does consulting work for the World Bank. Work is done in RSA. Reports are sent...
06 November 2014   (0 Comments - view/add)
The deductibility of medical expenses relating to special care »
Author: SAIT Technical Q: My Client is 88 years old sold her flat in an old age home a year ago to move to frail...
06 November 2014   (0 Comments - view/add)
Taxability of grants received from the Department of Arts and Culture »
Author: SAIT Technical Q: Section 12P(2) lists government grants which are exempt from normal tax if (1) they are lis...
06 November 2014   (0 Comments - view/add)
Taxation of a (previously non-resident) resident on income earned »
Author: SAIT Technical Taxation of a (previously non-resident) resident on income earned from assets donated to a fore...
06 November 2014   (0 Comments - view/add)
Rollover relief on CGT where immovable property is transferred between spouses »
Author: SAIT Technical Q: The client transferred an immovable property in his name into the name of his spouse (marr...
06 November 2014   (0 Comments - view/add)
Taxability of proceeds from key man insurance policy »
Author: SAIT Technical Q: My client has contributed to key man policies for many years.  We have added back the...
06 November 2014   (0 Comments - view/add)
VAT on incentives »
Author: SAIT Technical Q: Tax Payer (A) agreed to pay an incentive for the ultimate incentive of the employees (C) of...

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