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Panel Discussion: Decoding the 2025 Budget Speech

Date: 26 February 2025 | Location: Online webinar – link will be sent to registrants

Join us for our annual online panel discussion as our expert panellists set to work decoding the 2025 national budget from a legal, tax, accounting, fiduciary, and compliance perspective and discuss the implications it holds for individuals, trusts, and companies. 

Event Details
Date: 26 February 2025
Start Time: 26 February 2025 03:00 PM
End Time: 26 February 2025 04:00 PM

Panel Discussion: Decoding the 2025 Budget Speech

Date: 26 February 2025 | Location: Online webinar – link will be sent to registrants

Join us for our annual online panel discussion as our expert panellists set to work decoding the 2025 national budget from a legal, tax, accounting, fiduciary, and compliance perspective and discuss the implications it holds for individuals, trusts, and companies. 

Event Details
Date: 26 February 2025
Start Time: 26 February 2025 03:00 PM
End Time: 26 February 2025 04:00 PM

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Filter: Estate Planning
Is the trust dead? Long live the trust!

22 April 2024,  André van NiekerkDr Candice Reynders

Many clients, when we suggest using a trust for their estate or corporate structuring, enquire whether a trust is still... a safe option to consider. This question likely stems from the negative publicity trusts have received over the last few years, along with the high taxation imposed by SARS. However, our answer is always the same, if used correctly and for the right purpose, then 'Yes’, a trust is still a good option to be considered. In this article, we explain why we still consider a trust to be relevant.

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706
Article
Tax collection efficiency trumps wealth taxes in the short-term

22 April 2024,  Tanya Strauss

Speculation surrounding the introduction of formal wealth taxes in South Africa has subsided for the time being. The South African... Revenue Service (SARS) appears to have reconciled itself to the recommendations outlined in the "Feasibility of a Wealth Tax in South Africa" Report by the Davis Committee, which underscores deficiencies in wealth information and tax collection as requiring attention and not necessarily additional ‘wealth taxes’ in the short term. SARS's intensified focus on collecting clearly indicates its intentions to address this information and tax compliance gap.

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695
Article
Is a global corporate minimum tax the death knell for offshore structuring?

22 April 2024,  André van NiekerkFrancois Fouché

Despite uncertainties surrounding global tax reforms, no additional restrictions on exchange control have been proposed in South Africa during the... 2024 National Budget speech. However, amidst this positive news, concerns linger among taxpayers regarding the introduction of a new effective minimum tax rate of 15% on multinational corporations, sparking questions about its impact on offshore structuring and international estate planning structures, as well as the continuing effectiveness of low tax jurisdictions also known as financial centres. This article delves into the implications of these developments specifically offshore structuring and estate planning strategies.

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589
Article
2024 National Budget tax proposals? Uneventful… or are sharks lurking…?

22 April 2024,  André van NiekerkFrancois Fouché

The 2024 National Budget did not provide any major tax surprises, but key observations reveal subtle strategies by SARS to... increase revenue. While the budget seemed rather vanilla, it is vital to recognise the hidden strategies and measures that can impact taxpayers' liabilities. In this article, we look at these strategies and measures.

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394
Article
Safeguarding your legacy for your children

26 March 2024,  André van Niekerk

For any parent, the question of how to protect and provide for their children after their passing is a burning... concern that arises long before the first child is born. In this article, we explore how parents can safeguard their legacy for their children.

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797
Article
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. 

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1184
Article
You must take capital gains tax into account in your estate planning

04 October 2023,  André van NiekerkAnnelize van der Bank

When assisting clients with estate planning and discussing the tax considerations applicable to their estate upon their death, an often... misunderstood and unplanned for consequence following a death is capital gains tax (“CGT”). In this article, we take a closer look at some of the considerations that come into play with respect to CGT and how regular review of your estate plan is important to ensure that the latest tax considerations have been incorporated into your estate plan.

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6632
Article
Planning for the transfer of South African assets on death after emigration

28 August 2023,  Francois Fouché

The prospect of uprooting your family and emigrating to another country probably ranks as one of the most difficult and ... stressful decisions any person will face during their lifetime. There are also so many aspects to consider, that sometimes you don’t consider some of the obvious aspects like how to deal with South African assets that you may still retain following emigration. In this article, we discuss a few of the important aspects you should consider.

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1150
Article
Why can deceased estates take so long to be finalised?

29 May 2023,  Tebello Setleko

The family of a deceased are often confronted with the harsh reality of having to wind up a deceased’s estate... after his or her passing. Usually, there is the expectation that this should go quickly, but unfortunately, the reality is that the process is hardly ever a quick one. So how long then does it take to wind up a deceased estate? 

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5570
Article
Don’t forget about your will when getting married or divorced!

28 March 2023,  André van Niekerk

In the highs of getting married or the lows of divorce, parties generally forget to think about their estate planning.... This is understandable as no one wants to entertain thoughts of death and division of assets during those times! Unfortunately, such an oversight can create a mess in the event of your untimely death. The golden rule is to always, when there are material changes in your life like marriage, children, divorce and even death, revisit your estate planning and bring it up to date with the necessary changes. 

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919
Article
Why you must have an independent trustee on your family trust

22 November 2022,  André van Niekerk

A question often asked by clients is “why must I have an independent trustee on my family trust?” In this... article we unpack the reasons for this and how this works.

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6953
Article
Don’t forget about estate duty when doing estate planning

02 August 2022,  Annelize van der BankNanette Janse van Rensburg

When clients are confronted with the death of a loved one, for many this is unfamiliar territory. Suddenly, deaths have... to be reported, executors appointed, documents hunted for, and paperwork completed. Yet, probably the most unforeseen for so many clients is the estate duty payable on the estate of the deceased. But what is estate duty and are there exceptions or deductions possible?

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3475
Article

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