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Special Inclusions (Annuities)

• All annuities are included in the gross income

regardless of whether they are of capital

nature.

• Annuities from:

a) Insurance company

b) Granted as a gift or legacy.

c) From a sale of business or an asset or

surrender of a right.

- Fixed contractual payment on an annual basis

- Instalments do not constitute an annuity.

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