Excess Reportable Income (ERI) query

Hi, By chance I sold shares in an ETF on the exact same day as the Reporting Period End date. Should I include or exclude the Excess Reportable Income for this ETF in my SA tax return? Does the ERI count as received/distributed in a such a situation? Thank you. Regards

Hi Edward,
Please refer to:
HS265 Offshore funds
Thank you. 

 

Hi Thank you for the document. It does not seem to clarify my query as it states "Reportable income is given as an amount per unit, so for each reporting period you will need to multiply the amount of reportable income per unit by the total amount of units you hold at the end of the reporting period." Is the date on which the reporting period ends equivalent to an "ex-dividend date" in determining whether the ERI interest or dividend is deemed as received? I sold an ETF on 31 July 2023 and the ETF's ERI end of the reporting period was also 31 July 2023: should I consider the ERI as received or not? Since at the end of the day on 31 July 2023 I no longer own the ETF shares it seems to me the ERI should not be considered as if I received it. Kind regards

Hi Edward

If you received income from it on the same day you sold it, then yes.

Thanks