Urgent: Changes in the Trust Property Control Act (57/1988)
I refer to my letter dated 26 October 2022 about the Administration and Maintenance of Trusts. Further requirements now need trustees to take immediate action. The Department of Justice and Constitutional Development issued a special Regulation Gazette No 11566 in Government Gazette No 48351 on 31 March 2023 after normal business hours. The Gazette contains […]
Dringend: Veranderinge in die Wet op Beheer van Trustgoed (57/1988)
Ek verwys na my brief gedateer 26 Oktober 2022 oor die Administrasie en Onderhoud van Trusts. Verdere vereistes vereis nou dat trustees onmiddellik optree. Die Departement van Justisie en Staatkundige Ontwikkeling het op 31 Maart 2023 na normale besigheidsure ‘n spesiale Regulasiekoerant No 11566 in Staatskoerant No 48351 uitgereik. Die Staatskoerant bevat die wysigings aan […]
Administration and Maintenance of Trusts
The South African Revenue Services are conducting audits and is zooming in in the administration and taxation of trusts. It is a known fact that the validity of trusts is merely determined by valid resolutions rather than updated annual financial statements. Many rulings in court cases in the past are only a proof of this […]
Administrasie en Instandhouding van Trusts
Die Suid-Afrikaanse Inkomstediens is besig om oudits te doen en ondersoek in te stel oor die administrasie en belasting van trusts. Dit is ‘n bekende feit dat die geldigheid van trusts bloot deur geldige trustee notules bepaal word eerder as bygewerkte finansiële jaarstate. Baie uitsprake in hofsake in die verlede is slegs ‘n bewys hiervan […]