What income tax is payable on the interest received on investment of a Sectional Title Scheme?


A sectional title unit would generally claim a tax exemption under s10(1)(e) and yes, there may be tax payable on the interest. See here for more detail: https://www.sars.gov.za/lapd-intr-in-2012-64-arc-85-in64-issue-2-archived-on-17-august-2015/#:~:text=Section%2010(1)(e)%20exempts%20from%20income%20tax%20the,income%20(the%20basic%20exemption).

 

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