April 26, 2023

Non-dependent medical expenses

Can you claim medical expenses for someone not a member of your medical scheme?  You can, but there are many boxes to tick. Medical scheme membership […]
April 13, 2023

Tax compliance lives beyond death

A deceased estate takes on a (tax) life of its own while being wound up. I Started my first job back in September 1987 at the […]
March 24, 2023

Retirement planning – Distributing retirement fund death benefits

Allocating death benefits, and determining appropriate methods of payment. Once the board of trustees has determined the beneficiaries and is satisfied that its proposed allocation is […]
March 24, 2023

Investment insights: Maximising interest returns

Navigating the trade-off between liquidity and return. Investors with a more short-term or undefined investment horizon often leave their money in a bank deposit of some […]
October 19, 2022

Deduction for home office expenditure

More and more employers are allowing salaried employees to work from home to avoid wasting productive hours while commuting. Such employees may claim a home office […]
October 19, 2022

More time to benefit from the learnership tax incentive

The Learnership Tax Incentive, which was introduced in the Income Tax Act on 1 October 2001, is a programme that supports skills intensity through the tax […]
October 14, 2022

Tax costs of barter transactions

Barter transactions are commonplace in today’s commercial environment. Parties exchange goods or services without a cash transaction underpinning it. The question is, “What happens when I sell the asset […]
August 15, 2022

Your retirement ‘gift’ to SARS

Tax payable on your retirement lump sum In last month’s issue of Tax Breaks, we dealt with the tax treatment of retirement lump sums when one […]
July 8, 2022

Primary residence exclusion: Things to look out for

The Eighth Schedule of the Income Tax Act, which deals with capital gain tax, allows for exclusion from liability on any gains realised on the sale by a taxpayer of […]
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