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How do I deal with tax on an inheritance?

Posted 10 September 2013 under Tax Q&A


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How is an inheritance dealt with in tax, is it excluded from gross income, is it exempt?

This entry was posted in Tax Q&A and tagged . Bookmark the permalink.

TaxTim TaxTim says:
10 September 2013 at 14:53

It is exempt yes, you would include it on your ITR12 tax return under the section, "amounts not considered taxable".


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