November 15, 2019

Farming operations: Tax implications

Farming in South Africa is like second nature to most South Africans, but the tax implications on farming operations seem to raise some questions when determining […]
November 15, 2019

Usufructs and tax consequences

A usufruct is a limited real right in property. The usufruct construct takes the form of a common-law personal servitude, which, as a limited real right, […]
November 15, 2019

Employee trust 101

Binding Private Ruling 330 (“BPR330”) was issued on 3 October 2019 and relates to the tax implications arising from distributions of dividends and other amounts from […]
October 15, 2019

How Transfer Duty is calculated

Section 2(1) of the Transfer Duty Act[1] imposes transfer duty on the value of any property acquired by any person by way of a transaction, or […]
October 15, 2019

Additional tax considerations

The distinction between amounts received of a capital nature as opposed to a revenue (or income) nature is essential for income tax purposes. Non-capital amounts received, […]
October 15, 2019

Leasehold responsibilities

Certain lease agreements regarding land and property stipulate that the lessee, as part of his/her obligation under the agreement, is expected to make improvements to the […]
October 15, 2019

How to purchase without profit

In a recent Binding Private Ruling 324 (“BPR 324”)[1], the South African Revenue Service (“SARS”) determined the tax implications arising from the acquisition of listed Black […]
September 19, 2019

GETTING YOUR PUBLIC BENEFIT DUCKS IN A ROW

Non-profit organisations can apply for approval as a “public benefit organisation” (“PBO”) in terms of section 30(3) of the Income Tax Act[1] in order to qualify for tax exemption under […]
September 19, 2019

ARE YOU SAVING FOR YOUR GOLDEN YEARS?

Saving for retirement can prove to be a very complex task, however, this does not have to be the case. Many people are not making the […]
September 19, 2019

THE DIFFERENT VAT SUPPLIES

There are a few instances where VAT is not charged at the standard rate of 15%. In the following article, we distinguished between the different supplies […]
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