Trusts are currently taxed on income and gains that are not awarded to beneficiaries at a flat rate of 45% on income and an effective rate of 36% on capital gains (80% of the capital gain is taxed at the rate of 45%).
Citadel
Citadel
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Trusts are currently taxed on income and gains that are not awarded to beneficiaries at a flat rate of 45% on income and an effective rate of 36% on capital gains (80% of the capital gain is taxed at the rate of 45%).
Please contact the support team on 086 110 0628 between 08:00 and 16:30 on weekdays, or email support@citadel.co.za.