by Sentinel | May 25, 2018 | Advisory Services
In today’s technologically advanced world you can have a company registered in South Africa within a week on the Companies and Intellectual Property Commissions’ (CIPC) website. Sounds easy enough right? If you don’t have an in-depth knowledge of the Companies Act No....
by Sentinel | May 25, 2018 | Advisory Services
In the 2002 decision of the Cape High Court in CSARS v Welch’s Estate (65 SATC 137), the taxpayer was found to be liable for donations tax, however this decision was reversed by majority in the Supreme Court of Appeal and raises some interesting issues relating...
by Sentinel | Mar 9, 2018 | Advisory Services, Uncategorized
In the recent matter of Harper and Others v Crawford NO and Others (2017) 4 All SA (WCC) the Applicant applied to the Western Cape High Court to amend a trust deed. The Applicant was the Donor’s daughter and a beneficiary of a Trust created in terms of a trust...
by Sentinel | Mar 9, 2018 | Advisory Services, Uncategorized
With the implementation of a second tier in the payment of estate duty, it naturally follows that donations tax would also be amended to follow suit. A natural person may only donate/ give away R100 000-00 (in cash or assets or a combination of both ) per financial...
by Sentinel | Mar 9, 2018 | Advisory Services, Uncategorized
Much hype was made in the last budget speech regarding estate duty which is expected to raise R150 Million in Revenue. But what exactly is estate duty and how does it affect your estate planning. Estate Duty is essentially a wealth tax which commenced on the 1st April...
