The Taxation of Trusts in South Africa
 

The Taxation of Trusts in South Africa

SKU 978-1-920025-27-4
 
The Taxation of Trusts in South Africa is the first book to exclusively cover the direct and indirect taxation of trusts in South Africa, including a look at the application of the exchange control regulations to both onshore and offshore trusts.

  • Author: Michael Honiball & Lynette Olivier
  • Title: The Taxation of Trusts in South Africa
  • ISBN: 978-1-920025-27-4
  • Publication Date: 2009/12/18
  • Publishing House: Siber Ink
  • Target Market Tax consultants & planners, Investment advisers, Personal bankers, Trustees, SARS officials, Accountants and auditors, Lawyers, Insurance brokers, Corporate legal advisors, Students of tax law.
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Special Features

The first-ever book exclusively covering the direct and indirect taxation of trusts in South Africa, including a chapter on the application of the exchange control regulations to both onshore and offshore trusts.

Table of Contents

Preface
Table of Cases
Table of Statutes
Overview
1 Legal Principles of South African Trusts
2 Offshore Trusts
3 Income Tax Principles
4 Capital Gains Tax Principles
5 Donations Tax Principles
6 Estate Planning
7 Charitable Trusts
8 Transfer Duty
9 Special Trusts
10 Tax Avoidance
11 Exchange Control
12 Trusts and Tax Treaties
13 Private Trading Trusts
Appendix: Forms and Precedents
Bibliography
Glossary of Trust Terms
Index


This new book is the first of its kind in South Africa. It comprehensively covers the South African tax and exchange control provisions which apply to local and foreign trusts. In addition to normal discretionary trusts, the taxation of the following types of trusts is covered:

  • business trusts
  • charitable trusts
  • BEE trusts
  • employee share scheme trusts
  • offshore trusts
  • special trusts
  • asset protection
  • will trusts.

The following types of taxes are also discussed in a trust context:

  • income tax 
  • CGT 
  • transfer duty 
  • donation's tax 
  • estate duty 
  • international tax 
  • transfer pricing 
  • VAT.

About the Authors

Lynette Olivier BA (law) (cum laude) LLB (cum laude) (Stellenbosch), LLM (cum laude) LLD (Rand Afrikaans University), H Dip Tax (cum laude) (Wits)
Lynette is Professor of Taxation at the University of Johannesburg, and tax legal advisor to the Large Business Centre, SARS. She is a former tax consultant with PricewaterhouseCoopers, and former CEO of the SARS Service Monitoring Office. She is the author and co-author of several tax publications.
 

Michael Honiball BA LLB (Stellenbosch), LLM (tax law) (Rand Afrikaans University), H Dip Tax Law (Rand Afrikaans University), Corporate Law Diploma (cum laude) (Rand Afrikaans University), TEP
Michael is a Partner at Webber Wentzel Attorneys, where he is the head of International Tax. He is a Visiting Professor at the University of Johannesburg and is an Academician of The International Academy of Estate and Trust Law. He is the Chairperson of the Society of Trust and Estate Practitioners (Cape Town branch) and has published extensively on international tax matters.