I received a REIT dividend source code 4238 on my unit trust IT3B it is very little only R30. Are Reits exempt? Also I read the ITR12 handbook and they suggest I put it under other income/accruals 4214 code with description "income from a REIT". Is this right?
I'm worried they will make me a provisional tax payer due to this extra and only R30 that dosent come from my employment income or local exempt dividends, interest. I dont really want the extra admin issues due to this small amount of income, or is there a threshold I need to reach i.e. R20000 of extra income? Currently I'm on 18% rate. I would be great if you could maybe make this more clear. If I do become a provisional rate payer from this could I ask them to exempt me due to the small amount?