Did you know that you can claim for (qualifying) medical expenses even if you’re not part of a medical aid?

There must be an easier way to deal with tax season. Here’s an easy guide to the evidence you need to collect for your tax return.

Why can you claim for the cost of rates and services on your rental property, but not the cost of improvements? Our tax experts explain the basis for determining tax deductible expenses.

Simon did a quick interview with Pieter Janse van Rensburg & De Wet de Villiers from AJM Tax on this and the video is at the bottom of the post. National Treasury has released a draft explanatory memorandum on 29 March to further clarify the economic relief measures announced by President Ramaphosa ahead of the ...

This was one of the most taxpayer-friendly budgets delivered in ages. It seems as if government—especially if you consider the rules around exchange control—are saying, “Please trust us enough to keep your money in South Africa, but if you don’t, you are free to move it offshore if you please.” Here’s a list of the ...

To calculate the tax consequences linked to home loans, we first need to differentiate between your primary residence (i.e. property you live in) and a buy-to-let property. Your primary residence You’re generally not allowed any tax deductions for the interest portion of the home loan repayment. If, however, you have a home office you could ...

A common complaint amongst South Africa’s tax-paying citizens is our high tax rate when compared to the rest of the world. We aren’t saying this is not true (South Africa rated as the country with the 12th highest personal income tax rate in 2018), but we want to clarify how the SARS tax brackets work ...

A question that we’ve come across several times—and one that also featured in The Fat Wallet Show —asks whether capital gains are included in the 27.5% tax deduction calculation.   In other words, whether the capital gains you earn in addition to your monthly salary is added to your taxable monthly income. The short answer is ...

In Episode 166 of The Fat Wallet Show, Ben sent the below question about donations tax on non-residents. Our Tax Elves were intrigued, and decided to tackle Ben's question head-on. Question: My parents stay in France (not near Champagne unfortunately) and they are UK citizens. They have a unit in a complex in SA that ...