Page 190 - ADVANCED TAXATION - Day 1 Slides
P. 190
DONATIONS TAXONATIONS TAX
D
Exemptions
• Section 56(1) contains a list of exempt donations
which include amongst others donations between
spouses and donations to approved public benefit
organisations.
• A donation will be exempt if the total value of
donations for a year of assessment does not exceed:
• Casual gifts by companies and trusts: R10 000.
• Donations by individuals: R100 000 (2008 to 2013
years of assessment) (section 56(2)(a) and (b)).
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