TAX SEASON ( the tips and tricks thread)

[isie]

If it's a PPS policy, don't bother.
If it isn't a PPS policy, then I'm sure someone here can help you.

PPS?

[Celine]

If it's a PPS policy, don't bother.
If it isn't a PPS policy, then I'm sure someone here can help you.

PPS policies are normally for professionals and are therefore allowable deductions on the return.

[isie]

PPS policies are normally for professionals and are therefore allowable deductions on the return.

and I'm more confused?
so lets see if i can give as much detail as posible.
I pay every month about R500, and i got this IRP only for INCOME DISABILITY BENEFIT and that total contribution for the year is only about R500 so from my monthly contribution only about R41 goes to this so do i bother adding this to my return and if yes where and how?


TIA

[nakedpeanut]

Hi guys

So I signed up for an RA at the beginning of the tax year (march 2011) with Liberty but it was pressure decision, so I used the 30day cancellation thing and cancelled it. They only paid out R2100 of my initial R3000.
They gave me some crap about consultant fees and market fluctuations etc. I didn't care and just wanted the thing cancelled, and so it was.

I now got an extra IRP5/IT3(a)from them on my ITR12. This is in addition to the normal one I received from my employer.
Income Received: R2109 -- Code: 3920
Gross Retirement Funding Income: R0 -- Code: 3697
Gross Non-Retirement Funding Income: R2109 -- Code 3698

On my employers IRP5/IT3(a)
I've got an amount under the Deduction/Contributions for my pension contributions of Rx (Code: 4001)


Now I want to know:
1) Must I fill out R3000 on this page under the Deduction/Contributions and under what code (4006?)?
2) My pension is an Allan Gray RA so why is it 4001?
3) On the last page there is an Retirement and Income Protection Contributions section, do I combine Rx and R3000 and fill it in the Current Retirement Annuity Fund Contributions code 4006?


Thanks!

[ghostbuster]

Rant: SARS efiling fax number does not work. i tried faxing a page to them about 20 times and its always busy!!!!!
They only have 1 fax number

[Vercogen]

Hi

This was probably asked before or may just be a stupid question.

I own a flat, am I allowed to deduct anything from my monthly payments, I don't rent it out often, so my income on it is not that much.

Thanks

[mon100]

hi,

I noticed that EE & ER UIF (4141) and SDL (4142) are missing from my 2012 ITR12 form (they are on my IRP5).
They where in the 2011 ITR12 form.
Anyone know why?

Thanks

[signates]

Hi

This was probably asked before or may just be a stupid question.

I own a flat, am I allowed to deduct anything from my monthly payments, I don't rent it out often, so my income on it is not that much.

Thanks

All expenses such as interest on a bond, rates, taxes, repairs and maintenance except improvements can be deducted off the income.

[signates]

hi,

I noticed that EE & ER UIF (4141) and SDL (4142) are missing from my 2012 ITR12 form (they are on my IRP5).
They where in the 2011 ITR12 form.
Anyone know why?

Thanks

SARS has change the format of the 2012 ITR12 form. There should be a figure for the combined total though (4149).

[Hamster]

So, who is gonna try it?

[AirWolf]

So, who is gonna try it?

Only 10 downloads so far .

And a comment from BigAl.

[Kenz0]

Hi peepz,

Mayb you can explain something to me :

For the 2011 tax year a received a per km reinbursement for work mileage travelled, somethin like R2.62/km. I mustve travelled 26000km for work. SARS hit me with a hefty tax bill of R14000.

For the 2012 tax year i changed employers and received a travel allowance of R2500pm and was taxed as a complete package with my salary. I travelled 16000km for work and received R8000 rebate for the year.

Now for the 2013 tax year i am once again receiving a per km rate of R2.92/km. What do i have to do differently to ensure that i dont receive a hefty bill from SARS as i did for 2011 tax year???

Your help is much appreciated!!!!!!

[akescpt]

ohk so dont flame me. the calculation gives me a negative number. is this good for me?

[Belza81]

Yes :-) That means SARS owes you!

[isie]

ohk so dont flame me. the calculation gives me a negative number. is this good for me?

yep they owe you, if its less then 100 bucks i think it rolls over to next year if its more they pay you almost immediatly if your banking details are up to date and they have no queries on your return