Testamentary trusts still have their place
How you can protect your assets from predators including SARS Trusts have received a lot of bad press over the past few years, what with SARS taking a dim view of the use of trusts as a means of avoiding tax. A 2008 case involving a property trust, where the beneficiaries were changed in the […]
Renewable energy tax incentives
Government is encouraging investment in renewable energy—but as always, there are caveats While this year’s Budget was largely devoid of surprises, Finance Minister Enoch Godongwana made one announcement that was widely anticipated following President Cyril Ramaphosa’s State of the Nation speech, and will hopefully help taxpayers alleviate some of the pain of dealing with loadshedding. […]
Important steps for the transfer of property
The transfer process can take up to three-months, sometimes longer. There are different steps involved in the transfer of a property, these include: 1. Instruction. A conveyancer receives the instruction to transfer the property. 2. Communication. The conveyancer communicates with the various role-players involved in the transfer process, such as the seller, purchaser, transfer and […]
Understanding the delivery of notices and demands
In SIP Project Managers (Pty) Ltd v CSARS (29 April 2020), the Gauteng Division of the High Court ruled against SARS on the appointment of a third-party (Standard Bank, in this case) to collect tax debts from taxpayers’ accounts. The matter was an application for declaratory relief against SARS for such an appointment to be set aside […]
Important steps for the transfer of property
The transfer process can take up to three-months, sometimes longer. There are different steps involved in the transfer of a property, these include: 1. Instruction. A conveyancer receives the instruction to transfer the property. 2. Communication. The conveyancer communicates with the various role-players involved in the transfer process, such as the seller, purchaser, transfer and […]