Navigating the Herd: Avoid negative tax implications of livestock in your estate
19 March 2024, André van Niekerk
Many farmers still conduct their farming operations with livestock owned in their personal capacities. Although such ownership may have certain... advantages, it can pose significant complications for a farmer in the event of his passing. It is therefore crucial for farmers to do a comprehensive tax and estate planning assessment to look into the potentially complex issues which must be addressed to ensure liquidity in the deceased estate and to avoid unnecessary financial burdens on the estate or loved ones after death.