The international tax consequences arising on the death of South African individuals owning Greek or Portuguese property and Greeks or Portuguese owning South African property

Simple item page
dc.contributor.advisorRoeleveld, Jenniferen_ZA
dc.contributor.authorMichaelides, Georgiosen_ZA
dc.date.accessioned2015-01-04T14:45:00Z
dc.date.available2015-01-04T14:45:00Z
dc.date.issued2011en_ZA
dc.descriptionIncludes bibliographical references (leaves 127-132).en_ZA
dc.description.abstractSouth Africa levies two taxes on an individual in the event of death; namely estate duty and capital gains tax. Much debate exists on whether it is fair for South Africans to pay a "double tax" on the same assets on death. There is also a possibility that the deceased becomes liable for a third tax to foreign tax authorities when owning foreign property. This dissertation specifically examines the international tax issues that may arise on death for a South African with either Greek or Portuguese heritage. There are currently approximately 45,000 Greek passport holding South African residents and approximately 300,000 Portuguese passport holding South Africans. The question asked by many is: "are South Africans who have Greek or Portuguese heritage subject to taxes on death in excess of the South African "double tax" (capital gains tax and Estate Duty) as a result of any foreign taxes payable?" If this is the case, are there adequate relief measures available that can be used to address this inequity? The question is very topical at the moment on account of the current amendments in Greece with respect to the tax residency definition and the increased inheritance tax rates. It is also beneficial to include Portugal in the study as it is known to have less international double taxation issues. In effect if this is found to be true in this dissertation then Portugal can be used as a comparative benchmark, possible solutions can be derived from their policies and if the same problem arises between both South Africa and Greece and South Africa and Portugal it may be indicative of a much larger global tax issue that needs resolving.en_ZA
dc.identifier.apacitationMichaelides, G. (2011). <i>The international tax consequences arising on the death of South African individuals owning Greek or Portuguese property and Greeks or Portuguese owning South African property</i>. (Thesis). University of Cape Town ,Faculty of Law ,Department of Commercial Law. Retrieved from http://hdl.handle.net/11427/11305en_ZA
dc.identifier.chicagocitationMichaelides, Georgios. <i>"The international tax consequences arising on the death of South African individuals owning Greek or Portuguese property and Greeks or Portuguese owning South African property."</i> Thesis., University of Cape Town ,Faculty of Law ,Department of Commercial Law, 2011. http://hdl.handle.net/11427/11305en_ZA
dc.identifier.citationMichaelides, G. 2011. The international tax consequences arising on the death of South African individuals owning Greek or Portuguese property and Greeks or Portuguese owning South African property. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Michaelides, Georgios AB - South Africa levies two taxes on an individual in the event of death; namely estate duty and capital gains tax. Much debate exists on whether it is fair for South Africans to pay a "double tax" on the same assets on death. There is also a possibility that the deceased becomes liable for a third tax to foreign tax authorities when owning foreign property. This dissertation specifically examines the international tax issues that may arise on death for a South African with either Greek or Portuguese heritage. There are currently approximately 45,000 Greek passport holding South African residents and approximately 300,000 Portuguese passport holding South Africans. The question asked by many is: "are South Africans who have Greek or Portuguese heritage subject to taxes on death in excess of the South African "double tax" (capital gains tax and Estate Duty) as a result of any foreign taxes payable?" If this is the case, are there adequate relief measures available that can be used to address this inequity? The question is very topical at the moment on account of the current amendments in Greece with respect to the tax residency definition and the increased inheritance tax rates. It is also beneficial to include Portugal in the study as it is known to have less international double taxation issues. In effect if this is found to be true in this dissertation then Portugal can be used as a comparative benchmark, possible solutions can be derived from their policies and if the same problem arises between both South Africa and Greece and South Africa and Portugal it may be indicative of a much larger global tax issue that needs resolving. DA - 2011 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2011 T1 - The international tax consequences arising on the death of South African individuals owning Greek or Portuguese property and Greeks or Portuguese owning South African property TI - The international tax consequences arising on the death of South African individuals owning Greek or Portuguese property and Greeks or Portuguese owning South African property UR - http://hdl.handle.net/11427/11305 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/11305
dc.identifier.vancouvercitationMichaelides G. The international tax consequences arising on the death of South African individuals owning Greek or Portuguese property and Greeks or Portuguese owning South African property. [Thesis]. University of Cape Town ,Faculty of Law ,Department of Commercial Law, 2011 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/11305en_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.subject.otherTaxationen_ZA
dc.titleThe international tax consequences arising on the death of South African individuals owning Greek or Portuguese property and Greeks or Portuguese owning South African propertyen_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMComen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
thesis_com_2011_michaelides_g.pdf
Size:
3.2 MB
Format:
Adobe Portable Document Format
Description:
Download
Collections
Masters