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...
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 | Feb 3, 2018 | Uncategorized
We are pleased to introduce the following new staff members to the Sentinel Team:- Lizanne Menz Lizanne joined our Sentinel Team in the Cape Town office as a Tax and Compliance Officer. She obtained her BACCLLB at the University of Stellenbosch in 2013. Jacques van...
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...
