Tag: Trusts
The chosen executor – a title of trust and a test...
Death has no diary. It does not wait for neat files, updated passwords, or family harmony. It arrives when it arrives. And when it does, the executor steps in. In theory, it is a straightforward appointment. In practice, it is anything but. I have seen firsthand how often people underestimate this role. Appointing an executor is not a box-ticking exercise. It is one of the most important decisions in an estate plan. Yet it remains one of the least interrogated.
Trust tax penalties enforcement reshapes compliance obligations
Time has run out for non-compliant trusts. Since 4 May 2026, the South African Revenue Service (SARS) has imposed administrative penalties on trusts with outstanding tax returns. SARS levies these penalties monthly. In some cases, penalties may reach R16,000 per outstanding return.
SARS sharpens focus on high-wealth individuals and donations
Recent communication by the South African Revenue Service (SARS) signals an increased focus on high-wealth individuals. It highlights how these individuals fund trusts, companies and similar structures. This applies especially where arrangements may trigger donations tax exposure.
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.
FEATURE | PROTECTING AND GROWING YOUR WEALTH
In this feature, we take a look at wealth creation and the protection of high net-worth individuals (HNWI) assets. With so many financial products available both locally and internationally how does one know what to invest in, when to invest and how much of one’s assets should be allocated to a particular investment product?
TAX JUDGEMENT | Contributions to fund share incentive scheme are deductible
There have been a number of binding private rulings providing for the deductibility of contributions made by employer companies to share incentive trusts for the purpose of acquiring shares in the former.
Implications of BBBEE Commission investigations of ownership trusts?
The BBBEE Commission announced that it has initiated 17 investigations for possible contraventions of the Broad-Based Black Economic Empowerment Act (BBBEE Act).
Six cases deal...
SARS attacks low no-interest loans!
Low-interest or no-interest loans to trusts are again in the sights of SARS and the Treasury.
The 2017 Draft Taxation Laws Amendment Bill (Draft TLAB)...
Tax avoidance could be a tax trap
In 2016, the Income Tax Act (“the Act”) was amended to provide for a further tax burden where (by and large) individuals had advanced...
.AFRICA domain is here
The long awaited .AFRICA domain name extension will be available as of 3 April 2017 and will be managed by ZACR (ZA central registry).
