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,…
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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…
If you’re a South African living abroad, chances are you’ve got assets in more than one country. That’s great for building wealth – but it does make planning for the…
Trusts are common financial tools in South Africa for managing and protecting wealth, but when it comes to tax, things can get a bit tricky, especially if some of the…
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…
The tax landscape has significantly evolved in recent years, especially for South African expats and beneficiaries of trusts. The increasing trend of South African trust beneficiaries relocating overseas, ceasing tax…
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…
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…
Leaving South Africa for a new adventure is exciting, but worrying about your hard-earned assets and investments can dampen your mood. This guide explains what happens to your assets when…
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…