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Can you bypass Estate Duty through the use of a Trust?

Can you bypass Estate Duty through the use of a Trust?

Estate Duty is a material ‘death tax’ that very few people take cognisance of. Luckily, in terms of Section 4(q) of the Estate Duty Act, but subject to its strict requirements, relief is provided to surviving ‘spouses’ who may have contributed to the accumulation of...

RAND, STOCKS SLIDE ON EMERGING MARKET JITTERS

RAND, STOCKS SLIDE ON EMERGING MARKET JITTERS

The Rand in tandem with South African stocks retreated yesterday, tracking declines in emerging-market peers as the US Federal Reserve’s hawkish turn hurt appetite for riskier assets. The Rand slid to R14.16 to the greenback yesterday and is currently trading at...

Duties of a trustee

Duties of a trustee

This is a useful article setting out how important the role of a Trustee is and why appointment as a |Trustee should not be taken lightly – Ant Jenkins By Louis van Vuren, CEO of FISA Have you been asked to act as a trustee on a trust? Are you planning to appoint a...

Got Cryptocurrency? Here’s How Much SARS Wants…

Got Cryptocurrency? Here’s How Much SARS Wants…

This is an interesting article by accountants Alan H English on the tax implications of holding or trading in Cryptocurrencies.   The future of money is digital currency” (Bill Gates, Co-founder of Microsoft) Note: The risks and consequences of wilfully or...

Could your Trust be disregarded by the Courts?

Could your Trust be disregarded by the Courts?

  The fact that you have a written trust deed is no guarantee that your assets are safe and that the trust is safe from attack. If you never intended to create a “genuine” trust from the outset, the trust may be attacked and labelled as a sham trust; in other...

Instruction on a will not enough, court rules

Instruction on a will not enough, court rules

A written instruction to draft a will cannot be elevated to the status of a will, the Western Cape High Court has ruled. Rapport reports that family members of as deceased person approached the court to declare that her written and signed instruction to Nedbank to...

There are two outcomes

There are two outcomes

An assistant butchery manager at processed meat manufacturer, who went to work after testing positive for Covid-19 and even hugged a colleague who suffered from comorbidities – was dismissed fairly, The Star reports according to the Labour Court following a dismissal...

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