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Offshore investing tax implications

Posted 29 February 2016 under Tax Questions



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Mo says:
24 February 2016 at 17:11

What are the tax implications of investing in offshore unit trusts and shares and how does one disclose it in your tax return. Thank you

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TaxTimTaxTim says:
25 February 2016 at 13:45

Are you a South African tax resident?
Am I a tax resident of South Africa?


Mo says:
28 February 2016 at 22:07

Yes I am a South African tax resident.


TaxTimTaxTim says:
29 February 2016 at 10:28

You would need to request a statement from the financial institution and convert the investment income to Rands (if applicable). You would need to declare the interest, dividends and capital gains in your tax return.


TaxTimTaxTim says:
29 February 2016 at 10:29

You would also need to reflect the foreign tax which has been withheld.

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