TRUST TO TRUST: DOES A TRUST ELIMINATE ESTATE DUTY?

Although death and taxes are certain, people are always looking for ways to minimise taxes upon death. In certain instances, people are not even aware of the tax consequences upon death. They may have to pay in excess of 30 percent in costs and taxes – capital gains tax, estate duty and executors fees. If…

Trustees: Your Risk of Personal Liability in Property Sales

Firstly, a warning to anyone selling or buying property to/from a trust – have your lawyer check upfront that you are adequately protected by the terms of the sale agreement. The problem is that contracting with trusts has its own specific set of rules and, as a High Court case illustrates, standard sale agreements don’t…

The Ins and Outs of Donations Tax

Have you been the lucky recipient of a gift or donation from a generous family member of friend? Perhaps they struck it lucky on the Lotto and decided to share their winnings with you! Or maybe you’re the giving type and have donated cash, shares or even property to someone you felt deserved a little…

Where there is a Will there is a Way

Benjamin Franklin once said “there are only two things certain in life, death and taxes” whilst we seem to have a number of people in South Africa who would disagree with the second one there simply no getting away from Mr Franklin’s first truth. Whilst death is a certainty, it’s timing is where the uncertainty…