What is the tax rate for trusts in South Africa?
By Marc Sevitz · Updated
It will be on the net income of the Trust after allowable deductions.
Thanks for the quick reply.
Where can I find out what the allowable deductions for Trusts are?
Where can I find out what the allowable deductions for Trusts are?
Trusts can deduct amounts related to income they earn in the same way as a business. So expenses related to income earning activities. However the trust must be paying tax or earning income itself in order to claim deductions and not distribute amounts to the beneficiaries.