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Tax payable on unit trusts in us $ when converted to cash

Posted 26 January 2016 under Tax Q&A


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Roly says:
25 January 2016 at 18:20

Tax payable on unit trusts in US $ WHEN CONVERTED to cash

This entry was posted in Tax Q&A and tagged , , , , , . Bookmark the permalink.

TaxTim TaxTim says:
25 January 2016 at 22:41

Please explain your situation further?

Roly says:
26 January 2016 at 10:23

I have unit trusts in Investment Solutions strategic U S dollar liquidity fund to the value of R110000.00.What would the tax payable be on this amount, my other income for the year is a living annuity of R100000.00

TaxTim TaxTim says:
26 January 2016 at 13:29

You would be taxed on the capital gains and and interest from the unit trusts. You are issued an IT3b each year which identifies these amounts which you need to include on your tax return.


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