With the end of the tax year around the corner, everyone should be getting their tax documentation in order. In a recent Moneyweb article, Gareth Collier of Crue Invest (Pty) Ltd shares a few actions to take before the end of the tax year. “Ensure you’ve taken all steps possible to reduce your overall tax liability,” Collier shares.
Here is his checklist – valuable information for you and your client:
|1.||Use your capital gains tax exemption of R40 000|
|2.||Use your tax-free savings account allowance|
|3.||Get certification of your donations|
|4.||Top up your retirement fund|
|5.||Claim for your Section 12 J investments|
Click here to read the article that provides detail about all the above steps.