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Trusts still on Treasury’s radar

Monday, 03 March 2014   (0 Comments)
Posted by: Author: Ingé Lamprecht
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Author:  Ingé Lamprecht (Moneyweb)

Rumblings about introduction of new tax return.

Despite National Treasury’s silence on proposed changes to trust legislation in Wednesday’s Budget, a review is still firmly on the agenda, tax experts say.

Last year Treasury proposed several changes to trust legislation as a means to curb tax avoidance linked to trusts. 

It indicated that "certain aspects of local and offshore trusts have long been a problem for global tax enforcement due to their flexibility and flow-through nature”.

Treasury also voiced its concern about the use of trusts to avoid estate duty.

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