COMPLETING THE INCOME TAX RETURN FOR a TRUST (ITR12T)

  • You will need to check that all the details that we have on your trust are correct. This is done via the Single Registration.

  • Before completing your ITR12T, make sure that that the contact, address, banking and public officer details of the Trust are correct by verifying and updating it (if required) on the Registration, Amendments and Verification Form (RAV01).

Top Tip: An ITR12T can be printed before submission, allowing you to check the information filled in is correct.

 
 
Last Updated: 12/10/2015 9:33 AM     print this page
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 Top FAQs

When selecting No to the first question “Have the banking, contact and trustee details been confirmed and verified” on the Income Tax Return for Trust (ITR12T), I am unable to continue filling in the ITR12T?
The registered details of the trust must first be confirmed, in order to complete the ITR12T. To do this either:

When must an income tax reference number be filled in on the Income Tax Return for Trust (ITR12T) for a beneficiary?
An income tax reference number must be filled for a Trust/Company that is a beneficary. The income tax reference number for an individual is optional, as in some cases a tax reference number isn't available.

From which year of assessment can a trust claim any foreign tax credits in terms of section 6quin on the Income Tax Return for Trusts (ITR12T)?
A trust can only claim any foreign tax credits in terms of section 6quin from the 2012 year of assessment onwards on the ITR12T.

From which year of assessment can a trust claim any foreign tax credits refunded/discharged during the year of assessment on the Income Tax Return for Trusts (ITR12T)?
A trust can only claim any foreign tax credits refunded/discharged during the year of assessment from the 2014 year of assessment onwards on the ITR12T.

When will the income statement of the trust be needed, while completing the Income Tax Return for Trusts (ITR12T)?
The income statement of the trust will only be needed where local business income was received and must be filled in on the ITR12T.