The taxation of income and expenditure of trusts in South Africa

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dc.contributor.advisorEmslie, Trevoren_ZA
dc.contributor.authorMarais, Madeleinen_ZA
dc.date.accessioned2014-11-14T19:48:13Z
dc.date.available2014-11-14T19:48:13Z
dc.date.issued2014en_ZA
dc.description.abstractThe 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.en_ZA
dc.identifier.apacitationMarais, M. (2014). <i>The taxation of income and expenditure of trusts in South Africa</i>. (Thesis). University of Cape Town ,Faculty of Law ,Department of Commercial Law. Retrieved from http://hdl.handle.net/11427/9619en_ZA
dc.identifier.chicagocitationMarais, Madelein. <i>"The taxation of income and expenditure of trusts in South Africa."</i> Thesis., University of Cape Town ,Faculty of Law ,Department of Commercial Law, 2014. http://hdl.handle.net/11427/9619en_ZA
dc.identifier.citationMarais, M. 2014. The taxation of income and expenditure of trusts in South Africa. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Marais, Madelein AB - 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. DA - 2014 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2014 T1 - The taxation of income and expenditure of trusts in South Africa TI - The taxation of income and expenditure of trusts in South Africa UR - http://hdl.handle.net/11427/9619 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/9619
dc.identifier.vancouvercitationMarais M. The taxation of income and expenditure of trusts in South Africa. [Thesis]. University of Cape Town ,Faculty of Law ,Department of Commercial Law, 2014 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/9619en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentDepartment of Commercial Lawen_ZA
dc.publisher.facultyFaculty of Lawen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.titleThe taxation of income and expenditure of trusts in South Africaen_ZA
dc.typeThesis
dc.type.qualificationlevelPostgraduate Diploma
dc.type.qualificationnamePGDipen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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