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Is inheritance money a Non-Taxable earning? P1 of the ITR12

Posted 26 November 2015 under Tax Q&A


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Candice says:
26 November 2015 at 19:08

I received inheritance money in the 2015 tax year. On the first page of my SARS SARS eFiling ITR12, there's a question: "Did you receive any income that you consider non-taxable" do I check this box Y?

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TaxTim TaxTim says:
26 November 2015 at 20:09

Yes you would and then include the inheritance on that block.


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