Taxation in South Africa and the Use of Trusts as an Effective Estate Planning and Tax Saving Mechanism

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Publisher :
ISBN 13 :
Total Pages : 168 pages
Book Rating : 4.:/5 (961 download)

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Book Synopsis Taxation in South Africa and the Use of Trusts as an Effective Estate Planning and Tax Saving Mechanism by : Mohamed Raees Hussain

Download or read book Taxation in South Africa and the Use of Trusts as an Effective Estate Planning and Tax Saving Mechanism written by Mohamed Raees Hussain and published by . This book was released on 2015 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Taxation of Trusts in South Africa

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Publisher : Siber Ink
ISBN 13 : 1920025766
Total Pages : 469 pages
Book Rating : 4.9/5 (2 download)

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Book Synopsis Taxation of Trusts in South Africa by : Michael Honiball

Download or read book Taxation of Trusts in South Africa written by Michael Honiball and published by Siber Ink. This book was released on 2009-12-18 with total page 469 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Taxation of Trusts in South Africa is the first book to exclusively cover the direct and indirect taxation of trusts in South Africa, including a look at the application of the exchange control regulations to both onshore and offshore trusts.

The Taxation of Trusts in South Africa

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Publisher : Siber Ink
ISBN 13 : 9781920025274
Total Pages : 446 pages
Book Rating : 4.0/5 (252 download)

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Book Synopsis The Taxation of Trusts in South Africa by : Michael Honiball

Download or read book The Taxation of Trusts in South Africa written by Michael Honiball and published by Siber Ink. This book was released on 2009-01-01 with total page 446 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title is the first of its kind in South Africa. It comprehensively covers the South African tax and exchange control provisions which apply to local and foreign trusts.

A Comparison of Tax Legislation of Trusts Between South Africa and the United States of America on Emigration

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (958 download)

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Book Synopsis A Comparison of Tax Legislation of Trusts Between South Africa and the United States of America on Emigration by : Natasia Lottering

Download or read book A Comparison of Tax Legislation of Trusts Between South Africa and the United States of America on Emigration written by Natasia Lottering and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: An estimated 81 142 South Africans emigrated to the United States of America in 2010 (The World Bank, 2010). If only one of these emigrants were a creator, donor or beneficiary of a South African trust, then it is important to determine the tax implications both in South Africa and the United States of America for the creator, donor or beneficiary. In South Africa, the income and gains of the South African trust will be taxed in the hands of the donor, beneficiary or the trust itself. But, in the United States of America, the tax consequences could get rather complicated. The main purpose of this study was to make a theoretical comparison of the tax consequences of South African trusts both in South Africa and the United States of America and determine the effect of the emigration of the South African donor and/or beneficiaries to the United States of America. Based on the literature reviewed, the donor will be taxed in South Africa if a donation, settlement or other disposition was made, the beneficiary will be taxed if he/she has a vested right to income and no donation, settlement or other disposition was made and the South African trust will be taxed on any taxable income retained in the trust that is not taxable in the hands of the donor or beneficiary. In the United States of America, the South African trust will be liable for tax depending on its status as a business, investment or ordinary trust and furthermore on its status as a grantor or non-grantor trust.

Demystifying Trusts in South Africa

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Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781977970916
Total Pages : 308 pages
Book Rating : 4.9/5 (79 download)

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Book Synopsis Demystifying Trusts in South Africa by : Phia Van Der Spuy

Download or read book Demystifying Trusts in South Africa written by Phia Van Der Spuy and published by Createspace Independent Publishing Platform. This book was released on 2017-10-04 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: If you knew you were going to die tonight, would your loved ones have enough money to cope financially until your estate is wound up? Do you know how much Capital Gains Tax and Estate Duty your estate would pay? Would there be enough cash or liquidity in your estate to pay the different costs that would arise? Many people believe that estate planning is having a will, but this is just one part of the plan. During our lifetimes, as individuals, entrepreneurs, property investors, business owners and wealth creators, we all face the risk of divorce, legal action, business failure, large tax liabilities, and claims by third parties. More than 90% of business owners close their doors within five to seven years of opening them. For those facing liquidation, up to 98% are stripped of all their personal assets resulting from sureties and guarantees they signed as business owners. They are left with nothing. The number one wealth preservation rule is asset protection. Most of the wealthy do not own a cent. They control their businesses, properties and other assets through trusts. A trust will help you to separate your assets from your property investment debt, your business interests and/or your other financial risks. If you own a business, sizeable investments and/or other assets, then you might want to pay attention. You cannot afford not to set up a trust. This book will take you through the process of setting up the right kind of trust within the correct structures, so that you can protect your assets and take care of your family, during your lifetime and long after your death.

Interim Report of the Commission of Inquiry Into Certain Aspects of the Tax Structure of South Africa: Fourth interim report

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Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Interim Report of the Commission of Inquiry Into Certain Aspects of the Tax Structure of South Africa: Fourth interim report by : Commission of Inquiry into Certain Aspects of the Tax Structure of the Republic of South Africa

Download or read book Interim Report of the Commission of Inquiry Into Certain Aspects of the Tax Structure of South Africa: Fourth interim report written by Commission of Inquiry into Certain Aspects of the Tax Structure of the Republic of South Africa and published by . This book was released on 1994 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Taxation of Trusts in South Africa with Emphasis on the Capital Gains Tax and Estate Planning Implications of Various Transactions Concluded by a Trust

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Publisher :
ISBN 13 :
Total Pages : 170 pages
Book Rating : 4.:/5 (954 download)

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Book Synopsis The Taxation of Trusts in South Africa with Emphasis on the Capital Gains Tax and Estate Planning Implications of Various Transactions Concluded by a Trust by : Devakalyani Moodley

Download or read book The Taxation of Trusts in South Africa with Emphasis on the Capital Gains Tax and Estate Planning Implications of Various Transactions Concluded by a Trust written by Devakalyani Moodley and published by . This book was released on 2014 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Honoré's South African Law of Trusts

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Publisher : Juta and Company Ltd
ISBN 13 : 9780702155901
Total Pages : 830 pages
Book Rating : 4.1/5 (559 download)

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Book Synopsis Honoré's South African Law of Trusts by : Edwin Cameron

Download or read book Honoré's South African Law of Trusts written by Edwin Cameron and published by Juta and Company Ltd. This book was released on 2002 with total page 830 pages. Available in PDF, EPUB and Kindle. Book excerpt: Of interest or benefit to: Legal practitioners, Accountants, Executors, Estate planners, Trustees.

The Taxation of Income and Expenditure of Trusts in South Africa

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Author :
Publisher :
ISBN 13 :
Total Pages : 136 pages
Book Rating : 4.:/5 (118 download)

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Book Synopsis The Taxation of Income and Expenditure of Trusts in South Africa by : Yuleesha Maharaj

Download or read book The Taxation of Income and Expenditure of Trusts in South Africa written by Yuleesha Maharaj and published by . This book was released on 2019 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Minimising Taxes for South African Companies Investing Into Africa Using Mauritius as Gateway

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (956 download)

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Book Synopsis Minimising Taxes for South African Companies Investing Into Africa Using Mauritius as Gateway by : Septimus Jakobus Boshoff

Download or read book Minimising Taxes for South African Companies Investing Into Africa Using Mauritius as Gateway written by Septimus Jakobus Boshoff and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Investors constantly seek to secure business ventures and structures that will provide them with the most tax-efficient consequences by utilising loopholes in tax legislation and exploiting them within the legal requirements. With the recent growing interest in the undeveloped markets in Africa, many South African companies aim to invest into Africa in a tax-efficient manner. Mauritius, being a low tax jurisdiction and having a favourable tax treaty network with a large number of African countries, is an attractive choice for South African companies wishing to set up a platform for investing into Africa. The aim of this study was to address the shortcomings of efficient tax planning and the approach to invest into Africa using Mauritius as gateway for South African resident companies. The study focused on the tax implications of an offshore trust and offshore company incorporated in Mauritius for tax-efficient investing in order to minimise taxes. Therefore this study did not focus on using Mauritius for tax evasion purposes and a qualitative approach was applied, using a hypothetical case study to determine the most tax-efficient organisational structure for minimising taxes. The findings of the study revealed that, on a balance of case law and tax legislation, a tax-minimising organisational structure is largely influenced by its residency status and South Africa's control foreign company (CFC) legislation. Residency for an offshore trust and offshore company will be at the place where it is effectively managed. The findings revealed that the tax consequences are similar for an offshore trust and offshore company in Mauritius legislation. However, the hypothetical case study revealed that the impact of the CFC legislation can have negative consequences for a structure where only an offshore company is used, and therefore the ideal tax-minimising structure will be where a South African company uses a combination of an offshore trust and offshore company in Mauritius in order to avoid the possibility of CFC legislation having an impact on such a structure.

Taxation of Trusts and Estates

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Publisher :
ISBN 13 : 9780779878321
Total Pages : 740 pages
Book Rating : 4.8/5 (783 download)

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Book Synopsis Taxation of Trusts and Estates by : Grace Chow

Download or read book Taxation of Trusts and Estates written by Grace Chow and published by . This book was released on 2018 with total page 740 pages. Available in PDF, EPUB and Kindle. Book excerpt:

International Taxation of Trust Income

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Author :
Publisher : Cambridge University Press
ISBN 13 : 1108492258
Total Pages : 417 pages
Book Rating : 4.1/5 (84 download)

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Book Synopsis International Taxation of Trust Income by : Mark Brabazon

Download or read book International Taxation of Trust Income written by Mark Brabazon and published by Cambridge University Press. This book was released on 2019-05-02 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book identifies a set of principles and corresponding tax settings that countries may apply to cross-border income derived by, through, or from a trust and will appeal to international tax practitioners, administrators, policymakers, academics, and students.

Tax Administration 2021 Comparative Information on OECD and other Advanced and Emerging Economies

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Publisher : OECD Publishing
ISBN 13 : 9264424083
Total Pages : 355 pages
Book Rating : 4.2/5 (644 download)

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Book Synopsis Tax Administration 2021 Comparative Information on OECD and other Advanced and Emerging Economies by : OECD

Download or read book Tax Administration 2021 Comparative Information on OECD and other Advanced and Emerging Economies written by OECD and published by OECD Publishing. This book was released on 2021-09-15 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report is the ninth edition of the OECD's Tax Administration Series. It provides internationally comparative data on aspects of tax systems and their administration in 59 advanced and emerging economies.

Revenue Mobilization in Developing Countries

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Publisher : International Monetary Fund
ISBN 13 : 1498339247
Total Pages : 86 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Revenue Mobilization in Developing Countries by : International Monetary Fund. Fiscal Affairs Dept.

Download or read book Revenue Mobilization in Developing Countries written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2011-08-03 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fund has long played a lead role in supporting developing countries’ efforts to improve their revenue mobilization. This paper draws on that experience to review issues and good practice, and to assess prospects in this key area.

Income Tax Cases and Materials

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Publisher :
ISBN 13 : 9780981407845
Total Pages : 1146 pages
Book Rating : 4.4/5 (78 download)

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Book Synopsis Income Tax Cases and Materials by : Trevor Emslie

Download or read book Income Tax Cases and Materials written by Trevor Emslie and published by . This book was released on 2012 with total page 1146 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Puppet Masters

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Publisher : World Bank Publications
ISBN 13 : 0821388967
Total Pages : 230 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis The Puppet Masters by : Emile van der Does de Willebois

Download or read book The Puppet Masters written by Emile van der Does de Willebois and published by World Bank Publications. This book was released on 2011-11-01 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report examines the use of these entities in nearly all cases of corruption. It builds upon case law, interviews with investigators, corporate registries and financial institutions and a 'mystery shopping' exercise to provide evidence of this criminal practice.

Demystifying Trusts in South Africa, 2nd Edition

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Publisher : Phia Van Der Spuy
ISBN 13 : 9780620901765
Total Pages : 916 pages
Book Rating : 4.9/5 (17 download)

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Book Synopsis Demystifying Trusts in South Africa, 2nd Edition by : Phia van der Spuy

Download or read book Demystifying Trusts in South Africa, 2nd Edition written by Phia van der Spuy and published by Phia Van Der Spuy. This book was released on 2021-10-06 with total page 916 pages. Available in PDF, EPUB and Kindle. Book excerpt: If you knew you were going to die tonight, would your loved ones have enough money to cope financially until your estate is wound up? Would there be enough cash or liquidity in your estate to pay the different costs that would arise?