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Statement of Local Assets and Liabilities (SOALA01) on personal tax return?

Posted 7 July 2014 under Tax Q&A


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My personal tax return is asking me to fill out a Statement of Local Assets and Liabilities (SOALA01).
Why am I been asked to do this? How can I get it away?

I work at a company and earned some income from unit trust investments. I don't own a business.

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TaxTim TaxTim says:
7 July 2014 at 18:36

SARS requires you to input this when you are earning money from investments due they being personal assets.

TaxTim TaxTim says:
7 July 2014 at 18:36

Unfortunately you need to include this with your return.


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