[Question] Capital Gain in Trust

[Roger15]

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?

Thanks

[Jddt]

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