Q: As at date of death of a client of mine, all taxes were calculated. Then from date of death the funds, which
comprised of interest, dividends and some CGT were transferred into a
Testamentary Trust. Thereafter the interest, dividends and the CGT were paid
out to the beneficiary.
The question is: when
the trust distributes these funds, we have to put the source codes on the tax
return of the Trust. I would imagine that interest would have a source code of
4201: dividends 4216. What code would the trust in its tax return use for the
distribution of the CGT?
The source code page on
SARS’ website indicates that for a Local Capital Gain the source code is 4250
and for a Foreign Capital Gain the source code is 4252.
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