Do I pay tax on gifts that I take overseas?

Question

I bought Christmas gifts for my family in South africa. Will I have to declare them and will I have to pay tax on them?

Answer 1

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.

Answer 2

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"

Answer 3

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

Answer 4

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.

Answer 5

he did it to sidestep paying the taxes that owebama placed in this united states with the intention to help his welfare bums and different loosers. in case you inquire from me romney made the splendid determination. think of approximately each and all of the funds he might of lost if payed taxes to obambi all those years and had it shipped off to kenya or to a pair mosque.

Answer 6

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

Answer 7

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