Results 1 to 4 of 4

Thread: ANNUITY DEDUCTiBLE TAX BENEFIT ERROR????

  1. #1
    Junior Member
    Join Date
    May 2013
    Location
    Pretoria
    Posts
    12
    Thanks
    0
    Thanked 0 Times in 0 Posts

    Unhappy ANNUITY DEDUCTiBLE TAX BENEFIT ERROR????

    Could anyone please assist with my query:

    As my annuity is off course a tax deductible when doing the Income Tax, the calculation result from SARS reflects a seemingly higher amount, although the correct amount was taken from the Annuity tax certificate and entered into the Income tax form.
    I have never in all the years of submitting my income tax come across this. Off course I don't mind getting a higher refund then I should, but this is not correct!

    Is there perhaps a new legislation with regards to this for the Feb 2015 tax year?

    If anyone can shed light on this, I'd greatly appreciate it!

    thanks,

  2. #2
    Silver Member
    Join Date
    Sep 2012
    Location
    Louis Trichardt
    Posts
    334
    Thanks
    58
    Thanked 43 Times in 39 Posts
    Isn't there an amount carried forward from a previous year that couldn't be used as a deduction?

  3. #3
    Junior Member
    Join Date
    May 2013
    Location
    Pretoria
    Posts
    12
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Thanks for your response - no, there was most definitely no balance carried forward.

    I will have to approach SARS with this - they might be the only ones with an answer.

    thanks again!

  4. #4
    Email problem
    Join Date
    Jul 2015
    Location
    Durban
    Posts
    3
    Thanks
    0
    Thanked 0 Times in 0 Posts
    Hi Patsy

    As per SARS - 2014/2015 guide: R1800 of any arrear R.A is carried forward.

    Check if this figure does tally with the difference you have on your return.

Similar Threads

  1. Replies: 10
    Last Post: 15-Apr-15, 10:48 AM
  2. Replies: 4
    Last Post: 30-Apr-14, 09:10 AM
  3. [Question] Home Office - What monthly Expenses are Legally deductible and how is it determined?
    By Constance in forum General Business Forum
    Replies: 3
    Last Post: 06-Oct-11, 10:34 AM
  4. Replies: 0
    Last Post: 03-May-11, 03:26 PM
  5. Home security costs are not tax deductible.
    By Dave A in forum General Regulatory Compliance Forum
    Replies: 2
    Last Post: 19-Dec-07, 04:50 PM

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •