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Is proceeds from a trust taxable in the hands of the trustee?

Posted 9 November 2016

Spartan says:
9 November 2016 at 8:56

My Grandfather left a family beach house in a trust for the family to use. Over the years it was not used anymore so it was sold and each person in the trust got R10000 00 and then the trust was dissolved. I want to know will I pay tax on this and can you help should I register?

TaxTim TaxTim says:
9 November 2016 at 21:23

The Trust would have paid CGT on the property so no you do not need to pay tax on this distribution.

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