The final tax return: understanding taxes at life’s end

The final tax return: understanding taxes at life’s end The often-quoted phrase “nothing is certain except death and taxes” is crucial for estate planning. South African residents with local and offshore assets need to understand the tax obligations that will arise at their death. Unfortunately, many testators are unaware that taxes like income tax, estate […]

Capital gains distributions between trusts – who gets taxed?

Capital gains distributions between trusts – who gets taxed? Can the conduit principle be used in structures where there are multiple trusts? This issue has recently been heard by the Constitutional Court in the case of Thistle Trust v Commissioner for the South African Revenue Service (CCT 337/22) [2024] ZACC 19 which has guided how to tax […]