provide for future generations, trusts are often established with the expectation that they’ll continue serving the family for decades. But families don’t stand still. Children grow up, move overseas and…
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For years, many South African trusts have slipped under the radar when it comes to filing obligations, reporting duties and overall compliance. SARS has warned repeatedly that this era is…
The South African Revenue Service (SARS) has historically been reluctant to approve the release of funds when resident trusts distribute to non-resident trusts. However, following numerous enquiries on this matter,…
For South Africans living overseas, accessing funds from a trust in South Africa has always been complicated. Strict exchange control rules and approvals made moving money offshore a challenge, leaving…
Trustees, take note! The South African Revenue Service (SARS) has just revamped the filing season for trust taxpayers. Starting in 2024, you’ll have dedicated time to submit your returns. It…
In South Africa, a trust is a practical, legal way to manage assets for the benefit of others. Offering unique tax benefits if utilised correctly, navigating the complexities of trusts…
Death, while something we strive to avoid, is an inevitable part of life. Dealing with the complexities of a deceased estate is challenging in itself. However, if you are a…
If you’re a South African expat living abroad with loved ones back home, you might be wondering how best to provide for them when you’re no longer around. This article…
Trusts have been used in South Africa since the 1800s, and became a popular way to manage assets, given that they offered a variety of benefits including asset protection, tax…
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…