Trust IT3(t) reporting update

Over recent years, SARS has been modernising the trust tax reporting requirements. This has seen a wealth of added information that must be gathered and reported to SARS.

Trusts are now required to submit third party returns in the form of an annual IT3(t) return, effective for the first time for the financial year ended 29 February 2024. These returns will include disclosure of all amounts vested in or attributed to beneficiaries, including taxable revenue income, taxable capital gains and capital amounts.

It is imperative to be prepared for the new trust third party reporting.

This webinar offers an overview of the key considerations and the requirements of the new legislation.

Neil Hughes is a Director in our Tax division and is the Service Line Leader for our Trusts department. His main focus is on individual taxation, as well as consulting on corporate and indirect tax matters.

Neil Hughes | RSM South Africa
Neil Hughes
Director: Tax
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