Types of trusts in SA and the advantages of setting one up
A trust is often described as a tripartite legal relationship. A trust is a structure which has been set up by the founder to which...
Tag: Estate Duty
Wills – The do’s and the don’ts
2021 has started off with a bang around the world – vaccines being distributed, the US in political disarray and our own Zondo commission proving to be a very interesting read – will Zuma be imprisoned?
And with that, most of us find ourselves slowly easing back into …
Provided By Benaters
Estate planning – Only for the rich?
When one hears of someone’s “Estate” immediately episodes from Bling Empire – lifestyles of the fabulously rich and somewhat famous, flash before our eyes – oh when will Season Two come out?
We imagine vast homes filled with Gucci, Louis Vuitton, Chanel and jewels…
Provided By Benaters
SAIT Compendium of Tax Legislation 2021 13e
About this publication:
Published annually, this invaluable two-part (Volumes 1 and 2) reference work provides the content and tools you need to negotiate the complex tax...
by Juta
Death and taxes
There are very few certainties in life. And 2020 has seemingly proven this (time and time again). But it was Christopher Bullock who coined the...
Juta’s Indirect Tax 2021
About this publication:
This annual subscription is a consolidated source of current indirect tax Acts and their supplementary material. It includes relevant promulgated legislative amendments, as...
by Juta
Transfer duty and transfer costs
When purchasing a property, there is often confusion when it comes to distinguishing between transfer duty and transfer costs.
Transfer Duty:
In respect of property acquisitions, transfer...
Voluntary disclosure of undeclared foreign assets in offshore trusts
In the context of trusts situated in foreign participating jurisdictions, the Common Reporting Standards (“CRS”) require the trustees to identify the settlor, beneficiaries and other...
Proposed changes to interest-free loans to trusts
The draft Taxation Laws Amendment Bill, 2016 (TLAB) was published on 8 July 2016 and contains an interesting proposed amendment to the tax laws governing...
Settlor beware: Control over trust assets
The establishment of an offshore discretionary trust (“the Trust”) by a South African tax resident person (“ Settlor ”) gives rise to various South African tax considerations.
In...
