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…
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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…
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…
Last month on our blog, we covered inter vivos trusts and what they’re used for, while taking a look at the exchange control implications for offshore beneficiaries. This time around,…
Financial planners and their clients have, as part of the estate planning process, been using interest free loans (or loans at very low interest rates) for a long time to…
If you are a beneficiary of an inter vivos trust in South Africa, and you’ve got plans to emigrate abroad or you recently relocated abroad, you probably have a few…