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IT3(BO)

What is an IT3(BO)?

An IT3(BO) is a form issued by a partnership to SARS that shows your share of income as a beneficial owner in the partnership.

It provides SARS with third-party confirmation of who the beneficial owner is and what income (or capital) they are entitled to.  This is especially relevant when there are multiple partners e.g a large law firm.

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