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BPR 157 - ​Receipt of Foreign Assets And The Subsequent Donation Thereof To a Non-Resident Trust

18 November 2013   (0 Comments)
Posted by: Author: SARS Legal and Policy
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Author: SARS Legal and Policy

This ruling deals with the income tax consequences arising from, and the attribution rules applicable to a distribution of foreign assets to be made by two non-resident discretionary trusts to a beneficiary who is a resident of South Africa, and the subsequent donation by the beneficiary of such assets to another non-resident trust.

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