Right of pre-emption in a shareholder agreement vs provision in the will The right of pre-emption is a contractual arrangement, usually between shareholders, granting each other the right to acquire each other’s shares. A question posed to us recently was, what happens upon death where the agreement does not specifically provide that the pre-emptive rights...Read More

Effective 1 March 2017, section 7C put a stop to the well-used technique of shifting value to trusts using interest-free orlow interest loan accounts, which pegged the value of the asset transferred, thus avoiding estate duty on future asset growth. Section 7C deems interest to accumulate on the difference between the interest charged and the official...Read More