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I would like to find out the total interest included in my taxable income?

Posted 6 April 2015

Monica says:
2 April 2015 at 14:34

Hi, Please can you tell me if I am beneficiary of a trust under 65 years and my only income is local interest of 21500 and foreign interest of 2750 received from the trust how much will be the total interest included in my taxable income

TaxTim TaxTim says:
2 April 2015 at 16:07

You will still have the total interest included - so R24 250, but would receive the R23 800 exemption.

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