July 10, 2023

Is a maintenance payment a ‘donation’?

Helping someone out may be exempt from donations tax—but as always, the devil is in the detail… Donations tax is one of those strange taxes where […]
April 20, 2023

How trusts preserve generational wealth

The estate duty savings are compounded over several generations. ARTICLES ON trusts are often aimed at settlors or donors to highlight the benefit of trusts and […]
March 27, 2023

Accounting tips for small businesses

When operating a small business, there are so many important daily tasks to remember—especially if you are also the business owner.  Your day is most likely […]
January 18, 2023

VAT treatment of irrecoverable debts

What happens to the VAT that was paid over to SARS? Vendors often provide goods or services to clients on credit. In the current economic climate, […]
September 28, 2022

Lenders of money are not all ‘money lenders’

Taxpayers’ actions need to back up what they claim to be. In many groups of companies, intra-group loans make sense as a way of funding the […]
September 28, 2022

Deducting bond interest when using an access bond facility

You can use a loan re-advance against your house to purchase a rental property, and get the interest allowed as a tax deduction – it just […]
September 19, 2022

Beware the ‘Ides of SARS’

Telephonic audits are on the rise “A soothsaver bids you beware the ides of March”.  These famous Shakespearean words forewarning the misfortune of Roman emperor Julius […]
July 11, 2022

Barter transactions: What is the tax cost of my asset?

Barter transactions are commonplace in today’s commercial environment. Parties exchange goods or services without a cash transaction underpinning it. The question is, “What happens when I sell the asset […]
March 16, 2022

Who qualifies for a special trust and how is it taxed?

Unlike “conventional trusts” that are taxed at a flat tax rate, a special trust is taxed on the same sliding scale applicable to natural persons. The […]
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