Trusts

November 22, 2021

Who qualifies for a special trust and how is it taxed?

Unlike “conventional trusts” that are taxed at a flat tax rate, a special trust is taxed on the same sliding scale applicable to natural persons. The […]
May 24, 2018

CHANGES TO INCOME TAX RETURNS FOR TRUSTS

The South African Revenue Service (“SARS”) implemented several changes to the income tax returns for trusts (the ITR12T) on 26 February 2018. These changes apply in […]
February 28, 2017

SO WHAT IS THE FUTURE OF TRUSTS?

One of the questions that we are most confronted with by our clients is what the future of trusts are in South Africa.  Some questions even […]
November 21, 2016

SO WHEN AM I AUTHORISED TO ACT AS A TRUSTEE?

The Trust Property Control Act 57 of 1988 defines a trustee as meaning “any person (including the founder of the trust) who acts as a trustee […]
October 27, 2016

Proposed amendment to the taxation of trusts

National Treasury published its much anticipated proposed annual amendments to tax legislation earlier in July. This year the proposed amendments were widely anticipated to shed led […]
August 31, 2016

Nuwe wet teen taksmisbruik met trusts

Deur Nico van Gijsen 22 Augustus 2016 Die dae van die deurvloeibeginsel misbruik om belastingverpligtinge te verminder is verby. Neem dus kennis van die voorgestelde artikel […]
March 30, 2016

Inter-vivos Trusts and Testamentary Trusts

Much ignorance exists regarding the use of Trusts during bequests. This article will endeavour to shed some light on this important issue. An Inter-Vivos Trust is […]
January 22, 2016

Advantages and disadvantages of Trusts

Trusts have various advantages, but unfortunately there are also disadvantages. Although this is not a complete synopsis of all the pros and cons, our experience may […]
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