How do I externalise funds from South Africa – the new TCS process
Following the end of “emigration” as an exchange control concept in 2020, several changes have been effected by SARS and specifically its Tax Clearance Status (“TCS”) application process. The previous MP336 application which related to “emigration” was notorious for its red tape. It is trite that each taxpayer 18 years and older has a single […]
Estate planning for South Africans around non South African assets
You may need a separate Will dealing with your non South African assets. A Will drafted and signed in South Africa may be, but is not always, sufficient to deal with your South African and non – South African assets. If you have, for example, externalised your discretionary foreign investment allowances and now […]