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A Fin24 user wants to know if the financial support he gives to his mother-in-law is tax deductible. He writes:
My mother-in-law has very little income. I give her R2 000 per month from my salary (after tax).
Can I deduct it on my tax return? She of course is not my direct family.
Marc Sevitz of TaxTim responds:
Unfortunately not. This is a personal expense, which cannot be deducted for tax purposes.
Although it is for "charitable" purposes, it is still not permissible.
- Fin24
Do you have a pressing financial question? Post it on our Money Clinic section and we will get an expert to answer your query.
Disclaimer: Fin24 cannot be held liable for any investment decisions made based on the advice given by independent financial service providers.
Under the ECT Act and to the fullest extent possible under the applicable law, Fin24 disclaims all responsibility or liability for any damages whatsoever resulting from the use of this site in any manner.
My mother-in-law has very little income. I give her R2 000 per month from my salary (after tax).
Can I deduct it on my tax return? She of course is not my direct family.
Marc Sevitz of TaxTim responds:
Unfortunately not. This is a personal expense, which cannot be deducted for tax purposes.
Although it is for "charitable" purposes, it is still not permissible.
- Fin24
Do you have a pressing financial question? Post it on our Money Clinic section and we will get an expert to answer your query.
Disclaimer: Fin24 cannot be held liable for any investment decisions made based on the advice given by independent financial service providers.
Under the ECT Act and to the fullest extent possible under the applicable law, Fin24 disclaims all responsibility or liability for any damages whatsoever resulting from the use of this site in any manner.
