SARS E-Filing 2020/21

surface said:
If I read below correctly, first 40K is exempt when you sell shares - whether it is after 5 years or 1 day doesn't seem relevant?

businesstech.co.za

Here are the basic taxes you should know about if you’re investing your money

Two investments may offer identical returns, but the realised after-tax returns can look substantially different, says Kelin Pottier, product development specialist at 10X Investments.
businesstech.co.za businesstech.co.za
Click to expand...
Pretty much what I think as well. I had asked a fella on Reddit and he gave me that Italised reply.
 
Submitted return on 21st (Saturday night), got refund just now. Well done SARS - this is exceptional.
 
bar1 said:
So i am busy with the return now...last minute i know :)
I use the taxtim: home-office-expense-calculator and i get an "Total Home Office Deduction: " amount,
is that the amount i use on: efiling 4028? is there anything else i need to do?

is Low value office equipment also goes under 4028?
Click to expand...
Take your time. SARS has listened to you and wish you all the best. :ROFL:
 
R13... said:
If I knew I'd not have spent my weekend doing taxes, I would have procrastinated to 1 Dec :D
www.news24.com

SARS extends tax return deadline | Business

SARS has extended the filing season deadline for non-provisional individual taxpayers from 23 November 2021 to 2 December 2021.
www.news24.com www.news24.com
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I could have done it in July but Sygnia messed up and then SARS messed up. Glad I sorted it out though. Out of the way finally.
 
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R13... said:
If I knew I'd not have spent my weekend doing taxes, I would have procrastinated to 1 Dec :D
www.news24.com

SARS extends tax return deadline | Business

SARS has extended the filing season deadline for non-provisional individual taxpayers from 23 November 2021 to 2 December 2021.
www.news24.com www.news24.com
Click to expand...
Ah but not that much extra time!

But yes I'll procrastinate until weekend
 
Finally did the sars return and submitted.

Thanks for link to Tim for home office expenses.
 
prOd said:
Okay I am beyond pissed at ABSA. Because of their f#ckup and my laziness I now owe SARS a cool R8k for over contributing on my tax free accounts...

In short, when I moved my tax free in Nov. 2020 to EE, ABSA sent them an incorrect tax certificate with a contribution of ±R7000 for the year (it was actually ±R29000 at that point). And because I forgot what I contributed and took the ±R7000 contributions as accurate, I also contributed to my EE tax free once the money was transferred.

I should've checked to make sure, but still...they should not have submitted incorrect information to EE. Fuuuu
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No offense, but why in the name of Cthulu are you contributing to a tax free savings account with ABSA? What kind of product are they offering that makes it worthwhile? Is it this? https://www.absa.co.za/personal/save-invest/products/absa-tax-free-savings-account/
 
Pansyfaust said:
No offense, but why in the name of Cthulu are you contributing to a tax free savings account with ABSA? What kind of product are they offering that makes it worthwhile? Is it this? https://www.absa.co.za/personal/save-invest/products/absa-tax-free-savings-account/
Click to expand...
www.absa.co.za

How to start trading and become skilled and informed trader.

Easy ways on how to start trading. We’ll help you learn to trade and support you in advancing to becoming a skilled and informed trader.
www.absa.co.za www.absa.co.za

They have a TFSA account, which is pretty decent.
 
What's the best way/easiest to change my address.. Must I go into a branch or phone call centre?
 
surface said:
For 100K, their rate is 3.6% - am I reading it correctly or is it 3.6% above CPI ?
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Not sure what you're referring to, but I am guessing it's a interest based savings TFSA.

They also have a TFSA investment account where you can buy and sell ETFs:
www.absa.co.za

Earn more interest with Absa’s Tax-Free investment account

Grow your wealth with Absa’s Tax-Free Investment Account. R36 000 annual limit, no tax on interest or dividends, easy ETF investing from R250.
www.absa.co.za www.absa.co.za

This functions similar to a TFSA brokerage account like you get with EE.
 
What is the best way to get a floor plan of your house?
i thought i have the document somewhere, but i can't find it
 
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