by Simone | Jan 24, 2022 | Capital Gains Tax, Tax
Reading Time: 3 minutes Reading Time: 3 minutes If you have offshore assets that you’d hoped to conceal from South African Revenue Services (SARS), it is likely that they have already found out about them. This is due to the Common Reporting Standards in place...
by Simone | Jan 19, 2015 | Capital Gains Tax
Reading Time: 2 minutes Reading Time: 2 minutes Usufruct is often applied as part of estate planning in order to save on Estate duty, as the calculated value of the usufruct qualifies as deduction for Estate duty, should the usufructuary be the surviving spouse. E.g....
by Simone | Jan 19, 2015 | Capital Gains Tax
Reading Time: 2 minutes Reading Time: 2 minutes What is meant by Capital Gain? A person’s capital gain on an asset disposed of is the amount by which the proceeds exceed the base cost of that asset. What is base cost? The base cost of an asset is what you paid...
