Tax Bulletin Archive November 2009

Will SARS find you guilty?

The proposed changes to the legislation will only take effect from around March 2010, but SARS isn’t going to let you off the hook if you’ve been using the travel allowance illegitimately up until then. Have you been following the rules?
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Why is SARS saying “no” to taxpayers?

You’re hoping to claim tax deductions and allowances on a flat, since you’ll need to spend some money fixing it up, and finding a tenant. But will your investment become a financial liability and a red-flag for the tax auditor?
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SARS doesn’t want your money!

Believe it or not, SARS doesn’t want your money.Since 1 November, SARS began phasing out cash payments at some of its branch offices. And it’s set to continue the roll-out of cash-free offices over the next few months.Why? Because of the mounting costs and risks of handling cash. And because it doesn’t really get many cash payments anymore.
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Bolster your investment profits with this CGT trick

I’ve got the perfect trick for you to lower your capital gains tax when you sell shares. It’s all got to do with the calculation of the base cost of the shares. Simply add all the allowable inclusions into your base cost calculations and bob’s your uncle, you’ve reduced your CGT liability.
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