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Trusts
10 August 2016   (0 Comments - view/add)
Will trusts still be the way to go? The new section 7C proposed by the Draft Taxation Laws Amendment »
Authors: Emil Brincker and Louis Botha (Cliffe Dekker Hofmeyr) For a number of years, National Treasury indicated that i...
02 August 2016   (0 Comments - view/add)
Tax Proposals to Hit Low Interest Loans to Trusts »
Author: David Warneke (BDO South Africa) Included in the Draft Taxation Laws Amendment Bill of 2016 are far-reaching pro...
23 February 2016   (0 Comments - view/add)
Settlors beware: Control over the assets of a trust »
Authors: Robert Gad and Alexa Muller (ENSafrica) The establishment of an offshore discretionary trust ("the Trust”) by a...
30 November 2015   (0 Comments - view/add)
Taxation of trusts in the future »
Author: Heinrich Louw (Cliffe Dekker Hofmeyr) Earlier this year the Davis Tax Committee (DTC) released its first report...
02 November 2015   (0 Comments - view/add)
Amendments to the tax treatment of disposals by incentive trusts »
Author: Heinrich Louw (Cliffe Dekker Hofmeyr) Generally, where an employer establishes a trust to hold certain shares f...
26 October 2015   (0 Comments - view/add)
Changes to the Income Tax Return for Trusts »
Author: Mareli Treurnicht (Cliffe Dekker Hofmeyr) The South African Revenue Service (SARS) has amended the ITR12T form,...
23 October 2015   (0 Comments - view/add)
BPR 209: Dividends tax: Distribution of dividends to employees through a discretionary trust »
Author: SARS This ruling determines whether dividends tax is to be withheld from the dividends to be distributed in cash...
12 October 2015   (0 Comments - view/add)
Trusts: Changes to the ITR12T »
Author: SARS Please  click here  to view all changes to the ITR12T form.
15 September 2015   (2 Comments - view/add)
7 reasons to get your trust in order »
Author: Sumesh Somaroo (BDO Durban) There are several common mistakes made in the operation of trusts that have been set...
08 June 2015   (0 Comments - view/add)
Comprehensive SARS guide to the ITR12T (trust) return »
Author: SARS  Following the modernised and enhanced trust tax return, SARS has released a guide on how to complete...
26 January 2015   (0 Comments - view/add)
Trust income tax registrations: banking details problem now solved »
Author: SARS Tax practitioners wishing to register a trust for income tax have been experiencing difficulties where the...
15 January 2015   (0 Comments - view/add)
Changes to the income tax return for companies (“ITR14”) and individuals (“ITR12”) »
Author: KPMG South Africa  SARS recently announced that certain changes were introduced to the ITR14 in respect of...
30 October 2014   (0 Comments - view/add)
Pitfalls in dealing with trusts: lessons to be learned from recent decisions of the SCA »
Author: Dale Hutchison (ENSafrica) In two fairly recent cases, the Supreme Court of Appeal (SCA) has gone out of it...
22 October 2014   (0 Comments - view/add)
SARS closes in on trusts’ exploitation of system »
Author: Amanda Visser (BDlive) The misuse of trusts to hide income to evade or avoid paying taxes has long been a thor...
23 September 2014   (5 Comments - view/add)
New modernised income tax return for trusts (ITR12T) to replace the IT12TR in due course »
Author: SARS SARS released a notice on 23 September 2014 whereby it introduced the modernised income tax return for trus...
05 September 2014   (0 Comments - view/add)
The Cape Tax Court interprets the statutory criteria for approval by SARS as a tax-exempt PBO »
Author: PwC South Africa The decision of the Cape Town Tax Court in ITC 1872 (2014) 76 SATC 225 brings long-awaited...
06 August 2014   (0 Comments - view/add)
Disposals by share incentive trusts »
Author: Heinrich Louw (DLA Cliffe Dekker Hofmeyr) The South African Revenue Service (SARS) issued Binding Private Rulin...
06 August 2014   (0 Comments - view/add)
Changes to the provisions relating to real estate investment trusts »
Author: Webber Wentzel  The TLAB seeks to expand the definition of a "property company," as contained in the Act to...
26 June 2013   (0 Comments - view/add)
The future taxation of trusts »
Author: Beric Croome (ENS) In the National Budget, tabled in Parliament on 27th February 2013, the Minister of Finance i...
14 June 2013   (0 Comments - view/add)
The matter of validity: was a trust even created? »
Author:  Trinette Hartley (Sanlam) Trusts (and more specifically inter vivos discretionary trusts) are known to b...
31 May 2013   (0 Comments - view/add)
Trusts - Is the Conduit Principle In Peril? »
Author: Carmen Moss Holdstock (Cliffe Dekker Hofmeyr) The announcement regarding trusts in the 2013 budget is notable f...
11 April 2013   (0 Comments - view/add)
SA REITs: Will investors benefit? »
Source: Inge Lamprecht The publication of new listing requirements that will facilitate the South African Real Esta...
04 March 2013   (2 Comments - view/add)
Plan to tax capital gains as income will kill discretionary trusts »
By Laura du Preez (Business Report) Executive summary G overnment plans to introduce several legislative measures in...
01 March 2013   (0 Comments - view/add)
Reforming the taxation of trusts: a long time coming »
By Johan van der Walt (Cliffe Dekker Hofmeyr Tax Alert) Executive summary High Net Worth Individuals and their use...
14 November 2012   (0 Comments - view/add)
Transferring a business to a controlled trust does not mean that everything ‘remains as before’ »
By PWC Tax Synopsis Executive summary PWC discusses the SCA case of Raath v Nel where Nel had sold his assets toa dis...
31 August 2012   (0 Comments - view/add)
Consequences of using a trust for estate planning »
By Ben Strauss (DLA Cliffe Dekker Hofmeyr Tax Alert) A well-known estate planning technique is this: A person sells a...
16 August 2012   (0 Comments - view/add)
Underlying principles of BCR031 currently under review »
By SARS Legal & Policy Binding Class Ruling (BCR) 031 was issued by SARS on 14 October 2011. The ruling deal...
20 July 2012   (2 Comments - view/add)
Special trusts »
By Michael Stein (Friday Page) The Draft Taxation Laws Amendment Bill, 2012 has been published for comment. One...
20 July 2012   (0 Comments - view/add)
The tax treatment of a foreign testamentary and discretionary trust »
By Andrew Seaber (Moneywebtax/CDH) Sars recently released Binding Private Ruling 116 (BPR116) in which it dealt with...
18 July 2012   (0 Comments - view/add)
Trusts: A tax nightmare? »
By Heather Pretorius (TaxTalk) INTRODUCTION For those who have Trusts and for those contemplating the creation o...
27 June 2012   (0 Comments - view/add)
Seven reasons to consider setting up a trust »
By Clive Hill (MoneyWebTax) Trusts are commonly used to ‘freeze' the value of assets, so that when the person who tran...
18 June 2012   (0 Comments - view/add)
Is fixed property in trust still viable? »
By Gerrie Vosser For many years the high transfer duty rate applying to trusts made it less attractive to purchase fi...
23 May 2012   (0 Comments - view/add)
Trust reform - is there something in the offing? »
By Johan van der Walt (DLA Cliffe Decker Hofmeyr Tax Alert 18 May 2012) SARS’ focus on High Net Worth Individuals (H...
23 April 2012   (0 Comments - view/add)
Binding Private Ruling 116: Distribution received from non-resident trust »
SARS recently issued Binding Private Ruling 116 that deals with certain income tax consequences for a resident benefi...
26 March 2012   (0 Comments - view/add)
Trust assets may be treated as the personal assets of a trustee who has used the trust as alter ego »
Trust assets may be treated as the personal assets of a trustee who has used the trust as his alter ego. PWC Tax Synop...

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