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Where to declare foreign inheritance on the ITR12 form.

Posted 13 July 2016

M says:
12 July 2016 at 17:53

Is there a place to declare the amount of inheritance I received from my parent who died in the UK on the ITR 12 form. I am a SA resident who pays SA tax. I know I don't have to pay tax on this amount in SA but I dont know where to declare the amount apart from in the foreign assets box.

TaxTim TaxTim says:
13 July 2016 at 7:52

You are correct, there is definitely no tax payable on this amount and you will complete your inheritance in the inheritance box under amounts considered non taxable on your tax return.
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