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Tag: Capital Gains Tax (CGT)

The downfall of crafty taxpayers who hide income and rely on...

All taxpayers should arrange their tax affairs to obtain the best advantage and to pay the least amount of tax. This is a right every taxpayer possesses, and well entrenched in South African and international tax law. However, this planning must be done within the constraints of what the law allows.

Accessing offshore equity and commodity markets safely

Structured products enable diversification into offshore markets while controlling risk. Any investor worth their salt understands the importance of diversification, particularly in a contemporary economic environment characterised by such volatility and uncertainty.

Paying taxes to unlock financial freedom

Nobody enjoys paying tax, but since it’s our legal obligation, we may as well make the most of it by legitimately saving where we can. Because tax savings - even if fractional - compounded over prolonged periods of time can contribute significantly to any person’s financial position.

Why structured products are the future of investing

The recent announcement of South Africa’s grey listing has compounded an already volatile market and has introduced more administrative complexity when investing offshore. Onerous due diligence processes and verifiable information may be required creating delays with offshore investments.

A checklist for SA fintech companies preparing to take wing

A growing number of South African fintech companies have developed market-ready products and are considering how to expand beyond the relatively small domestic arena. In doing so, they face a list of new issues. These include how to raise funds for growth, how bringing in international funding will affect their local Broad-Based Black Economic Empowerment (B-BBEE) status, and how they will be affected by changing regulations in the pipeline.

Capital gains cannot flow through multiple discretionary trusts

A recent Supreme Court of Appeal (SCA) judgement has clarified that a capital gain distributed from one trust to a second and then to a natural person beneficiary must be taxed in the hands of the second trust, not the natural person.

No wealth tax, but trustees beware

Despite speculations that government has revived plans to introduce a wealth tax, the focus of the South African Revenue Service (SARS) has instead shifted to compliance of wealthy taxpayers with complex financial structures as well as trusts.

Budget 2023: Inflation – the invisible taxman

Inflation is the increase in prices over a specific period and which leads to a reduction in the purchasing power of money. The correlation between inflation and purchasing power is important because sometimes we are fooled into thinking that just because an amount increased, like your salary, your purchasing power remains the same.

Tips for the 2023 tax season

Tax efficiency should be a key focus area for any investor’s financial plan. By making sure our tax affairs are in order, considering the tax implications of our investment decisions and maximising the tax benefits on offer, we can improve our long-term financial outcomes.

The A-Z of SA property transactions for foreign buyers (and local...

Despite South Africa’s political turmoil and energy crisis, there is still significant interest from international property buyers who are drawn by the country’s inimitable lifestyle and the fact that that they can get considerably more bang for their buck here than in comparable areas abroad.


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