Capital Property Trust Scheme is a property unit trust established in June 1984 in terms of the Unit Trust Control Act and is one of the original South African PUT’s.
The Trust is obliged to distribute all its net rental income to unitholders. The nature of the income distribution means that Capital is exempt from income tax, and it is also not liable for capital gains tax at a trust level. The tax is payable in the hands of the recipient unitholders. Unitholders’ overall returns are calculated on the aggregate of the increase in the capital value of the units, and the distribution payable to unitholders every six months.
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