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Thread: Capital Gain in Trust

  1. #1
    Full Member
    Join Date
    May 2013
    South Africa
    Thanked 2 Times in 2 Posts

    Capital Gain in Trust

    Hi there,

    On the SARS IT12TR (Trust return) when filling out a capital gain, must I insert the full capital gain amount on page 2? Under local capital gain?
    Or must I insert 66.6% of the capital gain under the code section page 2?

    Then I completely leave it out under the tax comp section as the amount will be added to it?or just add it to the tax comp section on the last page?


  2. #2
    Full Member
    Join Date
    Jun 2013
    East London
    Thanked 9 Times in 8 Posts
    Hi Roger

    The whole capital gain declared under the LOCAL CAPITAL GAIN/LOSS SECTION.

    The source code applicable here is 4250 for a gain.

    Note that the gain must be applied prior to the application of then inclusion rate as this is automatically calculated by SARS.

    Hope this helps you

  3. Thank given for this post:

    Elijah (20-Sep-13), Roger15 (03-Oct-13)

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