Are you liable for tax on your inheritance ?

Are you liable for tax on your inheritance ?. The answer to the question is No. The beneficiary of a trust or estate not  liable to pay, according to the funds received.

An asset acquired by a SA resident is called a capital receipt and is not calculated as part of their gross income. In South African Law, no tax payable by the beneficiaries of the inheritance. Capital Gains Tax is also not payable by the beneficiary.

Still unsure about your tax compliance ?
For more information contact Hofland on +27 12 3471801