How do I deal with tax on an inheritance?By Marc Sevitz · Updated 10 September 2013How is an inheritance dealt with in tax, is it excluded from gross income, is it exempt? TaxTim Marc said:10 September 2013 at 14:53It is exempt yes, you would include it on your ITR12 tax return under the section, "amounts not considered taxable".Dividends
How is an inheritance dealt with in tax, is it excluded from gross income, is it exempt? TaxTim Marc said:10 September 2013 at 14:53It is exempt yes, you would include it on your ITR12 tax return under the section, "amounts not considered taxable".
