This is a very useful article by Phia van der Spuy and it is important to bear in mind the Transfer Duty implications for the acquirer of immovable property from the Trustees in certain circumstance.   TRANSFER Duty is an indirect tax levied on the acquisition of...

Osman and Others v Nana N.O and Another [2021] ZAGPJHC 47 The deceased (S) died in April 2018, apparently without a valid will. He was a medical doctor. The first respondent (N), one of the daughters of S, was appointed as executor of the deceased estate by the Master...

A sperm donor has failed in his bid to have contact with the child he ‘fathered’. This is the effect of a ruling by Gauteng High Court (Pretoria) in an unusual battle in which the donor and his mother sought visitation rights for the now five-year-old child. The...

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...

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...

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...

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...

(I am of the opinion, however, that the portion that I have italicised below, may not be completely correct as there are limits to what a Trustee may and may not do on behalf od such a person, and where a Curator Bonis would be required. I do agree, however, that a...

Bankruptcies in South Africa averaged 229 companies per month from 1980 until 2020. In August 2000, an all-time high of 511 companies declared bankruptcy, compared to the record low of 63 companies in May of 1988. Projected bankruptcies for 2021 is 220 companies per...