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...
by Sentinel | Feb 7, 2018 | Advisory Services
Recent judgements have once again pointed out the essential requirement that the control and enjoyment of trust assets are completely separated. So what does this mean? Trustees are appointed in a fiduciary role, meaning that whilst they have the right to control and...
by Sentinel | Feb 6, 2018 | Advisory Services
The Special Voluntary Disclosure Programme (SVDP) ended on 31st August 2017. New global standard for the automatic exchange of information (Common Reporting Standards or CRS ) between tax authorities of different countries will provide South African Revenue Services...
by Sentinel | Feb 5, 2018 | Advisory Services
On the 4th December 2017, the Office of the Chief Master of The High Court issued a directive advising a substantial increase in “Masters Fees”. It must be noted, that the Masters fees were last set in 1986. “Masters fees” is an administration cost paid to the Master...
by Sentinel | Feb 4, 2018 | Advisory Services, Uncategorized
We are sure that this got your attention!!! In terms of Section 18(A) any donation to a Public Benefit Organisation is tax deductible up to 10% of your annual income. Think of it in this light, as a tax payer, rather than paying the funds to the fiscus – the funds are...
by Sentinel | Apr 26, 2017 | Advisory Services, Uncategorized
It is being proposed that the tax rules relating to Section 12J Venture Capital Company investments. Section 12J Company’s allows a taxpayer to deduct the cost of his investment into a section 12J approved investment company for income tax purposes, and, provided this...
