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The international tax consequences arising on the death of South African individuals owning Greek or Portuguese property and Greeks or Portuguese owning South African property
Includes bibliographical references (leaves 127-132).
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| Main Author: | |
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| Other Authors: | |
| Format: | Thesis |
| Language: | English |
| Published: |
Department of Commercial Law
2015
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| _version_ | 1867613280224149504 |
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| access_status_str | Open Access |
| author | Michaelides, Georgios |
| author2 | Roeleveld, Jennifer |
| author_browse | Michaelides, Georgios Roeleveld, Jennifer |
| author_facet | Roeleveld, Jennifer Michaelides, Georgios |
| author_sort | Michaelides, Georgios |
| collection | Thesis |
| description | Includes bibliographical references (leaves 127-132). |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/11305 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:33:37.862Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2015 |
| publishDateRange | 2015 |
| publishDateSort | 2015 |
| publisher | Department of Commercial Law |
| publisherStr | Department of Commercial Law |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/11305 The international tax consequences arising on the death of South African individuals owning Greek or Portuguese property and Greeks or Portuguese owning South African property Michaelides, Georgios Roeleveld, Jennifer Taxation Includes bibliographical references (leaves 127-132). South Africa levies two taxes on an individual in the event of death; namely estate duty and capital gains tax. Much debate exists on whether it is fair for South Africans to pay a "double tax" on the same assets on death. There is also a possibility that the deceased becomes liable for a third tax to foreign tax authorities when owning foreign property. This dissertation specifically examines the international tax issues that may arise on death for a South African with either Greek or Portuguese heritage. There are currently approximately 45,000 Greek passport holding South African residents and approximately 300,000 Portuguese passport holding South Africans. The question asked by many is: "are South Africans who have Greek or Portuguese heritage subject to taxes on death in excess of the South African "double tax" (capital gains tax and Estate Duty) as a result of any foreign taxes payable?" If this is the case, are there adequate relief measures available that can be used to address this inequity? The question is very topical at the moment on account of the current amendments in Greece with respect to the tax residency definition and the increased inheritance tax rates. It is also beneficial to include Portugal in the study as it is known to have less international double taxation issues. In effect if this is found to be true in this dissertation then Portugal can be used as a comparative benchmark, possible solutions can be derived from their policies and if the same problem arises between both South Africa and Greece and South Africa and Portugal it may be indicative of a much larger global tax issue that needs resolving. 2015-01-04T14:45:00Z 2015-01-04T14:45:00Z 2011 Master Thesis Masters MCom http://hdl.handle.net/11427/11305 eng application/pdf Department of Commercial Law Faculty of Law University of Cape Town |
| spellingShingle | Taxation Michaelides, Georgios The international tax consequences arising on the death of South African individuals owning Greek or Portuguese property and Greeks or Portuguese owning South African property |
| thesis_degree_str | Master's |
| title | The international tax consequences arising on the death of South African individuals owning Greek or Portuguese property and Greeks or Portuguese owning South African property |
| title_full | The international tax consequences arising on the death of South African individuals owning Greek or Portuguese property and Greeks or Portuguese owning South African property |
| title_fullStr | The international tax consequences arising on the death of South African individuals owning Greek or Portuguese property and Greeks or Portuguese owning South African property |
| title_full_unstemmed | The international tax consequences arising on the death of South African individuals owning Greek or Portuguese property and Greeks or Portuguese owning South African property |
| title_short | The international tax consequences arising on the death of South African individuals owning Greek or Portuguese property and Greeks or Portuguese owning South African property |
| title_sort | international tax consequences arising on the death of south african individuals owning greek or portuguese property and greeks or portuguese owning south african property |
| topic | Taxation |
| url | http://hdl.handle.net/11427/11305 |
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