In the past, exchange control policy relating to distributions from an inter vivos trust were complex and restrictive, which meant that the processes involved in transferring money out of South…
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In today’s economy, few can survive on a single income stream. As such, most South Africans have a side hustle or two, from which they may receive some sort of…
As the end of 2023 draws near, this is your reminder to make use of your annual exchange control allowances in order to move money out of South Africa. To…
The SARS tax compliance status (TCS) processes involved with making international money transfers out of South Africa have changed. Where previously you would use the TCS – Emigration to repatriate…
The Minister of Finance and the South African Reserve Bank (SARB) have been hard at work these past few years modernising exchange controls. One of the first changes made in…
The current political and economic climate in South Africa has made it increasingly important for taxpayers to consider ways of safeguarding their wealth. In the face of the country’s instability,…
Back in the days of South Africa’s stringent exchange control regime, loop structures were prohibited. The whole idea was to prevent capital from flowing out of the country, but it…
One of the most important aspects of your emigration is financial planning. It’s essential to have a plan in place to ensure the smooth transition of your finances from one…
Recently on our blog, we unpacked four important facts about distributions from South African inter vivos trusts to non-resident beneficiaries. Now, we’re going to discuss the processes that need to…
If you are the beneficiary of a South African inter vivos trust living abroad, there are some important things you need to be aware of in order to stay on…