I would like to find out the total interest included in my taxable income?
By Marc Sevitz · Updated
Hi, Please can you tell me if I am beneficiary of a trust under 65 years and my only income is local interest of 21500 and foreign interest of 2750 received from the trust how much will be the total interest included in my taxable income
You will still have the total interest included - so R24 250, but would receive the R23 800 exemption.