Tax matters : will any of the medical expenses paid by a taxpayer on behalf of his parents qualify for a possible tax deduction?

dc.contributor.authorNel, Rudie
dc.contributor.upauthorOberholzer, Ruanda
dc.date.accessioned2010-07-20T07:20:54Z
dc.date.available2010-07-20T07:20:54Z
dc.date.issued2006-12
dc.descriptionPreviously published as The Accountant until Apr 2006, ISSN 16807537. First volume of Professional Accountant published as May 2006, ISSN 16807537en_US
dc.description.abstractSection 18 of the Income Tax Act No 58 of 1962 (the Act) allows a natural person to deduct from his or her income certain qualifying medical contributions and expenses incurred during the year of assessment. What is important to emphasise is that not only expenses incurred with regards to the taxpayer personally but also expenses incurred in respect of his or her spouse, child and under certain conditions any dependant of the taxpayer might qualify for this possible deduction. With an aging population it is common that more and more parents are becoming dependant on their children for support. A possible question that arises is whether any expenses and contributions incurred by a taxpayer on behalf of his or her parent(s) will qualify for a possible deduction? In order for this question to be answered, careful consideration should be given to the provisions of section 18 of the Act.en_US
dc.identifier.citationNel, R & Oberholzer, R 2006, 'Tax matters: will any of the medical expenses paid by a taxpayer on behalf of his parents qualify for a possible tax deduction?', Professional Accountant, pp. 8-10. [http://www.journals.co.za/ej/ejour_account.html]en_US
dc.identifier.issn1680-7537
dc.identifier.urihttp://hdl.handle.net/2263/14505
dc.language.isoenen_US
dc.publisherEagle Publishersen_US
dc.rightsEagle Publishersen_US
dc.subjectTax deductionsen_US
dc.subjectTaxesen_US
dc.subjectMedical expensesen_US
dc.titleTax matters : will any of the medical expenses paid by a taxpayer on behalf of his parents qualify for a possible tax deduction?en_US
dc.typeArticleen_US

Files

License bundle

Now showing 1 - 1 of 1
Loading...
Thumbnail Image
Name:
license.txt
Size:
2.44 KB
Format:
Item-specific license agreed upon to submission
Description: