Protect your legacy with a family trust
Trusts have once again come under the spotlight with the latest legislative changes and compliance requirements for trustees of SA trusts. In light of all these requirements which may be costly and time-consuming, the question is asked whether there are advantages to keep the SA trust in place. A discretionary trust, founded by […]
SARS and my tax residency status when I now live outside South Africa
I left South Africa (“SA”) after school to study abroad. I accepted a job offer in the United Kingdom (“UK”), where I was studying, after my graduation. I have been living outside SA ever since. I recently married a UK resident and plan to stay in the UK permanently, and only return to SA on […]
We are leaving South Africa – Part 1
What are the tax consequences? Many South African tax residents relocate to different jurisdictions for different reasons. Much has been written about “emigration”, “exit tax”, “residency” and the most confusing of all is the difference between the tax and exchange control consequences. This article aims to clear the murky waters and set out the […]