The committee released its second interim report on the 24th of August. It is important to stress that these are only recommendations and not law until National Treasury drafts the legislation and the Minister of Finance puts it into effect by official proclamation. So what are the key recommendations? Estate Duty The committee recommends the removal of...Read More

The committee released its second interim report on the 24th of August. It is important to stress that these are only recommendations and not law until National Treasury drafts the legislation and the Minister of Finance puts it into effect by official proclamation. So what are the key recommendations? Estate Duty The committee recommends the removal of...Read More

“As the world becomes increasingly globalised and cross-border activities become the norm, tax administrations need to work together to ensure that taxpayers pay the right amount of tax to the right jurisdiction. A key aspect for making tax administrations ready for the challenges of the 21st century is equipping them with the necessary legal, administrative...Read More

There are two types of special trusts recognised for tax purposes in the Income Tax Act. The first type of Trust is referred to as a Special Type A Trust.  This is a Trust created for the benefit of a person or persons with a disability as defined in Section 6B(1) of the Income Tax Act.  “Disability”...Read More

You instruct a company to prepare and register a Trust and you accept, in good faith, that the Trust is valid. Sadly, it turns out that this was not the case as your Trust may turn out to have been invalid from inception if one or more of the following applies to your Trust: You signed the Deed of Trust in your...Read More