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The taxation of income and expenditure of trusts in South Africa
The use of trusts remains popular in South Africa. Trusts are often perceived to solve all problems but the tax law provisions applicable to trusts are often highly complicated causing the person making use of the trust to be stepping into a minefield. The formation of a trust has for many years bee...
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| Format: | Thesis |
| Language: | English |
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Department of Commercial Law
2014
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| _version_ | 1867613239384211456 |
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| access_status_str | Open Access |
| author | Marais, Madelein |
| author2 | Emslie, Trevor |
| author_browse | Emslie, Trevor Marais, Madelein |
| author_facet | Emslie, Trevor Marais, Madelein |
| author_sort | Marais, Madelein |
| collection | Thesis |
| description | The use of trusts remains popular in South Africa. Trusts are often perceived to solve all problems but the tax law provisions applicable to trusts are often highly complicated causing the person making use of the trust to be stepping into a minefield. The formation of a trust has for many years been a very popular financial planning tool for various reasons. SARS has been clamping down on trusts and with the introduction of capital gains tax and transfer duty the use of trusts has lost some of its appeal. Trust has however remained a very useful estate planning tool, so useful that the Katz Commission proposed that the use of trusts as a "generation skipping device" should be curtailed and that trusts should be subject to a capital tax at periodic intervals on the market value of their net assets. This has not been implemented yet but should be kept in mind for the future. This research paper has an in depth look at the taxation of the income and expenditure of trusts as it currently stands. |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/9619 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:32:58.612Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2014 |
| publishDateRange | 2014 |
| publishDateSort | 2014 |
| 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:11427/9619 The taxation of income and expenditure of trusts in South Africa Marais, Madelein Emslie, Trevor The use of trusts remains popular in South Africa. Trusts are often perceived to solve all problems but the tax law provisions applicable to trusts are often highly complicated causing the person making use of the trust to be stepping into a minefield. The formation of a trust has for many years been a very popular financial planning tool for various reasons. SARS has been clamping down on trusts and with the introduction of capital gains tax and transfer duty the use of trusts has lost some of its appeal. Trust has however remained a very useful estate planning tool, so useful that the Katz Commission proposed that the use of trusts as a "generation skipping device" should be curtailed and that trusts should be subject to a capital tax at periodic intervals on the market value of their net assets. This has not been implemented yet but should be kept in mind for the future. This research paper has an in depth look at the taxation of the income and expenditure of trusts as it currently stands. 2014-11-14T19:48:13Z 2014-11-14T19:48:13Z 2014 Thesis Postgraduate Diploma PGDip http://hdl.handle.net/11427/9619 eng application/pdf Department of Commercial Law Faculty of Law University of Cape Town |
| spellingShingle | Marais, Madelein The taxation of income and expenditure of trusts in South Africa |
| title | The taxation of income and expenditure of trusts in South Africa |
| title_full | The taxation of income and expenditure of trusts in South Africa |
| title_fullStr | The taxation of income and expenditure of trusts in South Africa |
| title_full_unstemmed | The taxation of income and expenditure of trusts in South Africa |
| title_short | The taxation of income and expenditure of trusts in South Africa |
| title_sort | taxation of income and expenditure of trusts in south africa |
| url | http://hdl.handle.net/11427/9619 |
| work_keys_str_mv | AT maraismadelein thetaxationofincomeandexpenditureoftrustsinsouthafrica AT maraismadelein taxationofincomeandexpenditureoftrustsinsouthafrica |