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The taxation of trusts in South Africa
Trusts are extensively used, primarily for estate and tax planning and more recently for business purposes. Frequently being the recipients of large amounts of income, trusts are often used as vehicles to minimize or avoid the incidence or levying of tax, rendering the taxation of trust income and i...
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| Format: | Thesis |
| Language: | English |
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Centre for Law and Society
2024
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| _version_ | 1867613323125587968 |
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| access_status_str | Open Access |
| author | Irmer, Ingrid |
| author_browse | Irmer, Ingrid |
| author_facet | Irmer, Ingrid |
| author_sort | Irmer, Ingrid |
| collection | Thesis |
| description | Trusts are extensively used, primarily for estate and tax planning and more recently for business purposes. Frequently being the recipients of large amounts of income, trusts are often used as vehicles to minimize or avoid the incidence or levying of tax, rendering the taxation of trust income and issue of great significance. Depending upon the circumstances, trust income, in terms of the Income Tax Act No. 58 of 1962 [as amended and hereinafter referred to as "the Act"], may be taxable in the hands of the trust and/or the beneficiary and or the donor. The aforesaid possibilities have in the past generated several uncertainties with regard to ultimate tax liability for trust income and have also been the source of various tax avoidance stratagems, so much so that the Act has, in an attempt to remove same, over the years, with a relative degree of success, been amended. This dissertation, which concerns the taxation of Trusts in South Africa, will be focused on the income tax treatment of trusts as opposed to the various other types of trust taxation such as donations tax, estate and transfer duty, which exist. The taxation of trust income in general will be traversed with specific emphasis being placed on past and current important and in some instances, rather controversial, issues relating thereto. |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/40513 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:34:17.944Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2024 |
| publishDateRange | 2024 |
| publishDateSort | 2024 |
| publisher | Centre for Law and Society |
| publisherStr | Centre for Law and Society |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/40513 The taxation of trusts in South Africa Irmer, Ingrid Law Trusts are extensively used, primarily for estate and tax planning and more recently for business purposes. Frequently being the recipients of large amounts of income, trusts are often used as vehicles to minimize or avoid the incidence or levying of tax, rendering the taxation of trust income and issue of great significance. Depending upon the circumstances, trust income, in terms of the Income Tax Act No. 58 of 1962 [as amended and hereinafter referred to as "the Act"], may be taxable in the hands of the trust and/or the beneficiary and or the donor. The aforesaid possibilities have in the past generated several uncertainties with regard to ultimate tax liability for trust income and have also been the source of various tax avoidance stratagems, so much so that the Act has, in an attempt to remove same, over the years, with a relative degree of success, been amended. This dissertation, which concerns the taxation of Trusts in South Africa, will be focused on the income tax treatment of trusts as opposed to the various other types of trust taxation such as donations tax, estate and transfer duty, which exist. The taxation of trust income in general will be traversed with specific emphasis being placed on past and current important and in some instances, rather controversial, issues relating thereto. 2024-08-16T13:09:58Z 2024-08-16T13:09:58Z 1998 2024-08-16T11:10:55Z Thesis / Dissertation Masters LLM http://hdl.handle.net/11427/40513 eng application/pdf Centre for Law and Society Faculty of Law |
| spellingShingle | Law Irmer, Ingrid The taxation of trusts in South Africa |
| thesis_degree_str | Master's |
| title | The taxation of trusts in South Africa |
| title_full | The taxation of trusts in South Africa |
| title_fullStr | The taxation of trusts in South Africa |
| title_full_unstemmed | The taxation of trusts in South Africa |
| title_short | The taxation of trusts in South Africa |
| title_sort | taxation of trusts in south africa |
| topic | Law |
| url | http://hdl.handle.net/11427/40513 |
| work_keys_str_mv | AT irmeringrid thetaxationoftrustsinsouthafrica AT irmeringrid taxationoftrustsinsouthafrica |