The SARS published a new external guide: GUIDE TO THE ITR12 RETURN FOR DECEASED AND INSOLVENT ESTATES, on 25 January 2019.
According to the guide its purpose is to “… provide assistance to complete an ITR12 return where there is income received or accrued to a deceased or insolvent estate.”
The guide is applicable to executors representing individuals who have passed away on or after 1 March 2016, and to appointed trustees/administrators where an individual becomes insolvent and income accrued to or business was conducted from the date of sequestration onwards.
Click here for the guide.