by VDT Attorneys | Jul 16, 2025 | AML, Anti-Money Laundering, Anti-money Laundering Amendment Act, Capital Gains Tax, Heirs, Trusts
Before recent amendments, having a non-resident beneficiary in a South African trust did not have major implications for the trust. If you have a South African trust and wish to add a non-resident beneficiary, such as a child who has moved abroad and is now a tax...
by VDT Attorneys | Jul 1, 2025 | Capital Gains Tax, CGT, disposal of immovable property
Capital gains tax (CGT) forms part of every disposal of immovable property, and every homeowner, whether an individual, company or trust, should be aware of the CGT that may apply to their disposal of property. CGT is regulated under the Income Tax Act 58 of 1962...
by VDT Attorneys | Dec 3, 2024 | Capital Gains Tax, Conduit Principle, Trust
Trusts have a firm foundation in South African law. They are created where property or assets are transferred by a person (the founder) in favour of others (the beneficiaries). The property and assets are placed under the control of trustees who manage and administer...
by VDT Attorneys | May 29, 2024 | Capital Gains Tax, Deceased Estate, Donation tax, Estate duty, SARS, Situs tax, Tax
Importantly, not all taxes are always applicable to every estate, with the circumstances of a deceased estate determining the applicable taxes. The executor also has has to register an estate with SARS even if the deceased was a pensioner or not registered for tax....
by VDT Attorneys | Aug 28, 2023 | Capital Gains Tax, CGT, Estate duty, Estate Planning, Tax
The death of a person is a major event resulting in various consequences, both patrimonial, inheritance and taxation. When focusing on the taxation side of the event, several taxes come into play with proper estate planning intended to forecast and plan for these...
