Estate Duty is payable on the estate of every person who dies and whose nett dutiable estate is in excess of R3,5million. It is charged at the rate of 20%. To minimise the effects of estate duty you need to understand the calculation thereof. The following provisions...
You have been made a trustee of an inter vivos trust (created during the lifetime of the founder), and the Master of the High Court has accepted your appointment. What exactly does it mean? What do you have to do? Here are some guidelines: The golden rule is that you...
What is a VOLUNTARY ASSOCIATION (VA)? A VA can be defined as three or more individuals or corporations entering voluntarily into an agreement to form a private, non-government organisation which will work together for a mutual, lawful purpose, which is not primarily...
The Consumer Protection Act 68 of 2008 (“the CPA” and/or “the Act”) came into effect on the 1st of April 2011 with its main focus to protect consumers and to promote a fair, accessible and sustainable marketplace. It also has an impact on the way manufacturers,...
Section 153(1)(b)(Ii) Of The Companies Act Clarified By The Supreme Court of Appeal Since the inception of the new Companies Act, No 71 of 2008 (“the Act”), there has been countless decisions regarding business rescue proceedings. South African courts have also more...
A trust is an important part of any client’s estate plan, providing one of the only legal vehicles by which a client can divest himself of his assets, yet still remain involved in their day-to-day management. No matter how well your trust deed is prepared, it will all...
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