In an Interpretation Note (no 60) published by SARS on 10 January 2011, information is given regarding the so-called scrapping allowance referred to in section 11(o) of the Income Tax Act.
Trusts may distribute income to some beneficiaries and capital gain to others.
The key driving force of the new national skills development strategy (NSDS III) for South Africa is improving the effectiveness and efficiency of the skills development system.
The new Consumer Protection Act has important ramifications for property transactions. Put in a nutshell, property sellers, buyers and estate agents should be aware of the following:
Freedom of testation is a fundamental principle of our law of succession (also enshrined in section 25 of the Constitution). However, when property is bequeathed to a testamentary trust, the testator should ensure that it’s provisions are constitutional.
Financial experts tend to be well versed in the art of shrewd money management, but there’s no reason why you can’t enjoy the same benefits. Here are 10 tips from experts.
The popularity of outsourcing human resources services to professionals has been on the increase because of its significant benefits.
While some may regard a single discretionary allowance (SDA) as a free-for-all opportunity to export additional funds overseas, ignoring the strict conditions of this type of allowance can be a very expensive mistake.
Returning to South Africa after having spent an extended period abroad may raise various questions regarding tax implications.
The roles and responsibilities of financial directors have changed dramatically over the last decade