“The future of money is digital currency” (Bill Gates) If you are thinking of buying – or have bought – any “crypto asset” such as a cryptocurrency like Bitcoin, Ethereum, Polkadot, Solana (or any of the many other crypto currencies springing up all over the place), be aware of the tax implications. As a start, […]
“To support the property market, the threshold for transfer duties is adjusted” (Finance Minister Tito Mboweni) Transfer Duty Exemption Up Some good news for property sellers and buyers in particular is the increase in the transfer duty exemption to R1m. See the table below for details and note that with all the brackets being adjusted
Budget 2020: Good News for Property Sellers and Buyers, and Some Useful Tax Calculators Read More »
Few of us ever test our powers of deduction, except when filling out an income tax form (Laurence J. Peter of The Peter Principle) Letting out property can give you an excellent “annuity” income, and if that concept appeals to you and a buy-to-let property comes your way at the right price put an offer
“Untold Wealth: That which does not appear on income tax returns” (Anonymous) “Tax Freedom Day” is the first day of the year that we South Africans (as a whole) have earned enough to pay off the Tax Man and to finally start working for ourselves. It arrived this year on 18 May. That’s five days
“An income tax form is like a laundry list – either way you lose your shirt” (Comedian Fred Allen) This article is important to you if you are either a South African working abroad or an employer of one. If you don’t fall into either of those categories, but know someone who does, please think of
Expats and Employers: Plan Now For the New Expat Tax Changes Read More »
“People who complain about taxes can be divided into two classes: men and women” (Anon) How long will you work for the taxman today?Input your salary into the 2019 Tax Clock calculator and find out how many hours you will spend today working for the taxman, and at what time precisely you will finally start working for
“Never take your eyes off the cash flow because it’s the lifeblood of business” (Richard Branson) A recent Supreme Court of Appeal (SCA) judgment has confirmed that when a property developer enters into an agreement with a buyer to transfer the property, even if the developer only actually gets paid in a subsequent tax year,
Property Developers Beware: Deemed Accruals Can Seriously Disrupt Your Cash Flow Read More »
SARS has announced new deadlines for the 2018 Tax Season. But do you even need to file an income tax return? If you do, whats your deadline? Are you a provisional tax payer? Are you struggling to register on eFiling? Find the answers to all these questions and more on SARS Tax Season 2018 For
Your Website of the Month: Whats Your New Tax Return Deadline? Read More »
