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News & Press: Trusts

Binding Private Ruling 116: Distribution received from non-resident trust

Monday, 23 April 2012   (0 Comments)
Posted by: SAIT Technical
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SARS recently issued Binding Private Ruling 116 that deals with certain income tax consequences for a resident beneficiary in respect of an amount to be received as a distribution from a discretionary trust that is not a resident and the subsequent donation of that amount by the beneficiary to another trust that is also not a resident.

Click here to access Binding Private Ruling 116



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