n Tax Breaks Newsletter - Smokescreen trusts under threat by new tax return : trusts
|Article Title||Smokescreen trusts under threat by new tax return : trusts|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Tax Breaks Newsletter|
|Publication Date||Nov 2014|
The new tax return for trusts (ITR12TR) came into operation on 3 October 2014. Designed to provide SARS with much more detailed information about all the role-players within a trust, and greater disclosure of the activities within the trust, the ITR12TR promises to revolutionise the way in which trusts are administered and used in tax planning.
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