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.
