Tax Planning
Legal ways to reduce your tax: retirement annuities, tax-free savings, offshore investments, property and family tax.
- Understanding Tax-Free Savings Accounts in South Africa. How tax-free savings accounts work in South Africa: the R36,000 annual and R500,000 lifetime limits, the 40% penalty on excess and SARS reporting.
- Tax Residency in South Africa: What You Need to Know. How SARS decides South African tax residency: the ordinarily resident and physical presence tests, worldwide income, and the records SARS expects.
- Capital Gains Tax for Property Owners: What You Need to Know. How capital gains tax applies when you sell property in South Africa: base cost, the 40% inclusion rate, the primary residence exclusion and records.
- Understanding Tax Implications of Offshore Investments. How SARS taxes offshore investments: foreign interest, dividends, rental income and capital gains, foreign tax credits, and how to declare them.
- 11 Powerful Ways to Boost Your Personal Tax Efficiency. Eleven ways to boost your personal tax efficiency in South Africa, from retirement contributions and medical credits to TFSAs and home office deductions.
- Being married in community of property and how this affects your tax!. How being married in community of property affects your tax: interest, dividends, rental income and capital gains are split 50/50 between spouses.
- Maximizing Tax Benefits: Deducting Home Office Expenses in South Africa. How to deduct home office expenses in South Africa: the exclusive and regular use requirements, deductible costs, the calculation and CGT implications.
- Navigating RSA Tax Laws: Considerations for Rental Income. How rental income is taxed in South Africa, which property expenses you can deduct, filing requirements, and the tax on selling a rental property.
- Analyzing the RSA Budget Speech 2024: A Vision for Economic Resilience. Key points from the RSA Budget Speech 2024: unadjusted tax brackets, rebates and medical credits, higher excise duties and the economic growth outlook.
- Budget Speech 2022 - Summary. A summary of the 2022 Budget Speech: no tax increases, personal income tax brackets and rebates adjusted by 4.5%, and the other key tax proposals.
- A simple explanation of Home Office Tax Deductions (South Africa 2021). The three requirements for deducting home office expenses in the 2021 tax year, including exclusive use and the 50% rule, and what you may deduct.
- Tax on Foreign Income - South Africa - 2020 Amendment. From 1 March 2020, SA tax residents working abroad are exempt only on the first R1 million of foreign employment income. Here is how the rules apply.
- A quick view on the tax consequences of the Budget 2015. This speech of Minister Nene was highly anticipated and perhaps feared by some. There are varying opinions on the tax changes that have been implemented.
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