Comments on: Do I pay tax on gifts that I take overseas?

By: waggy_33

waggy_33 — Mon, 10 Nov 2008 18:14:12 +0000

You pay gift tax using form 709, due by April 15th, on gifts that have a value greater than $12,000 per individual. Unless you are extremely extravagent I would doubt that you are spending $12,000 or more per person for Christmas gifts.

By: sononobird

sononobird — Sat, 08 Nov 2008 16:22:46 +0000

i think only in south africa ur family will pay its quotas

By: tsostler

tsostler — Thu, 06 Nov 2008 17:08:00 +0000

Usually no but your family usually gets taxed hugely. I have lived overseas for many years. As long as you lable it used or gift they should be fine. Lable it used clothing or something like that

By: fred v

fred v — Mon, 03 Nov 2008 22:36:37 +0000

If you are South African then yes! It happened to me once. I would not bother declaring them because the chances of them stopping you in SA are slim, or you can open the boxes/packaging etc. and just say that all the stuff is your own that you have owned forever! Yes I do collect toy trains

By: maskedmarada2000

maskedmarada2000 — Sat, 01 Nov 2008 10:38:58 +0000

i think they have quotas for those, if it is above a total value of £50 or so , I think you will need to pay tax on it and declare it.

By: dalylorraine

dalylorraine — Thu, 30 Oct 2008 22:03:11 +0000

no i don.t think so you.ll have paid tax when you bought them just bring the receipt with you